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Submission + - Britain to privatize Royal Mail (reuters.com)

Ellie K writes: After 500 years, Britain announced plans to fully privatize Royal Mail today. Shares of stock (common equity) will be offered to the public "in coming weeks", according to Reuters. 10% of shares will be given to current Royal Mail employees, Deal size is estimated at $US 3 to 4.7 billion. Goldman Sachs and UBS were chosen as lead advisers.
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Britain to privatize Royal Mail

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