The British Government decided to privatise The Royal Mail

The British government decided to privatise the Royal mail.

Created On: Sep 17, 2013 17:36 IST

The British government on 12 September 2013 announced that it was planning to sell a majority of its stake in the Royal Mail (the postal service of UK) through an initial public offering (IPO). Royal mail is one of the U.K.'s largest and oldest postal service in decades.

The initial public offering is expected to take place in the coming weeks and the stock will be listed on the London Stock Exchange.

About Royal Mail

• Royal mail is the postal service in United Kingdom (UK).
• It is 497 years old and it was owned by the Government of UK
• Royal Mail is the only company currently capable of providing postal service.

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