Royal Mail sale was underpriced by £1bn, says British MPs panel

  • British taxpayers lost as much as £1 billion because the privatization of Royal Mail was underpriced, an MPs committee has said.

    The government was too concerned about going through with privatization at the expense of getting a good deal for taxpayers, the Business, Innovation, and Skills committee said in its report.

    Royal Mail was privatized in October 2013, with the government selling 60% of its stake at 330p per share. The company was valued at £3.3bn.


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