27/09/2013

Govt Announce Royal Mail Sale By Mid-October

The government have announced that shares in Royal Mail will be sold before 15 October, ahead of any possible strike action by postal staff.

With the company valued at £2.6bn to £3.3bn, the Department for Business announced that it will be listed on the London Stock Exchange next month.

Postal workers are due to vote today on the possibility of taking industrial action, but according to reports by the BBC, the timescale of the sale is likely to be "long before" any industrial action can take place.

(MH/CD)

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