With bids coming in below the €5 billion target the UK government has scrapped controversial plans to partially privatise its state-owned, cash-strapped postal company, Royal Mail, putting its long term survival in question. “Market conditions have made it impossible to conclude the process to identify a partner for the Royal Mail on terms we can be confident would secure value for the taxpayer,†Business Secretary Peter Mandelson said. A number of interested bidders … [Read more...] about Royal Mail privatisation scrapped
Royal Mail
Deutsche Post potential Royal Mail bidder
Germany's Deutsche Post has emerged as a potential bidder for a stake in Britain's Royal Mail, as the UK government attempts to partially privatise the state-owned postal company. The parent of express and logistics giant DHL has joined a short list including TNT and CVC, a private equity company already active in the European postal industry. … [Read more...] about Deutsche Post potential Royal Mail bidder