Germans and Dutch to Bid for Royal Mail

Summary


FOREIGN firms were vying to buy up chunks of Royal Mail today after it emerged Lord Mandelson has drafted a [pounds]3 billion plan to part-privatise the service.

A third would be sold to a private firm, with Dutch-owned TNT and German DHL keen to secure the stake. The Business Secretary, who says he will stick by Labour's manifesto commitment not to privatise Royal Mail in this Parliament, was today publishing a report recommending a partial sell-off.

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Extract


Germans and Dutch to Bid for Royal Mail

In it Richard Hooper, a for...

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