£591m for fi­nal Royal Mail stake

Midweek Sport - - NEWS -

THE Gov­ern­ment has sold its fi­nal stake in the Royal Mail for just over £591mil­lion.

A to­tal of 13 per cent was sold at a price of 455 pence per share, with the Gov­ern­ment’s fi­nal one per cent hold­ing gifted to el­i­gi­ble UK em­ploy­ees, rais­ing their stake in the com­pany to 12%.

The price is no­tably lower than the 500p per share achieved in the most re­cent sale over the sum­mer, when a 15% stake raised £750m for the Gov­ern­ment.

In to­tal, it has raised £3.3bil­lion from the sale.

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