LONDON: Britain's government on Thursday officially launched plans to
privatize more than half of Royal Mail, saying an initial sale of
shares in the state-run postal service would occur within weeks.
"Her Majesty's Government today announces its intention to proceed
with an initial public offering of Royal Mail," said a joint statement,
which added that the IPO was "expected to take place in the coming
weeks".
Royal Mail is to list on the London Stock Exchange, while the
coalition government said it would "retain flexibility around the size
of the stake to be sold".
Source : The Times of India
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