Business minister Michael Fallon has confirmed the
appointment of UBS and Goldman Sachs as joint global coordinators and joint
bookrunners, with Barclays as joint bookrunner and sponsor, and Bank of America
Merrill Lynch as joint bookrunner for the planned sale of shares in Royal Mail
Group. Reporting to Fallon, appointed banks will work with government, Royal
Mail and their respective advisers to prepare, structure and-subject to the
government’s final decision-execute a float in line with the government’s
objectives for the sale, including protection of the universal service and
“getting best value for money for taxpayers”.
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