The Royal Mail will IPO

According to foreign media reports, the British government on 12 September stock exchange submitted a formal notice, the next few weeks will be through initial public offerings (IPO) Royal Mail to sell holdings (Royal Mail) most of the shares, the selling price has not been decided yet. This will be the country for decades one of the largest private transactions.
Royal Mail about 150000 employees will receive a 10% stake in the company for free, while employees preferred stock purchase policy can apply for additional shares of not less than 500 pounds. The remaining shares will be sold to institutional investors, private investors and the British public, public minimum amount applied for 750 pounds.
The transaction by the Communication Workers Union (Communication Workers Union) against. The British government said, will be based on market conditions and investor demand to decide the Royal Mail sale price.
Royal Mail said, "in the absence of accidental" will be held in 2014 July 133000000 pounds worth of dividends paid.
As part of the privatization, the Royal Mail to the bank loans of 600000000 pounds, and 800000000 pounds of standby credits, to replace the current from the government loan.
Royal Mail's post office in 2012 has been split into the British Post Office Co Ltd (Post Office Ltd), will not be on sale within the.
MYEX Minya Express International
2013-09-16