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ARTICLE · 03 NOVEMBER 2013

We Should Rejoice That The Royal Mail IPO Was A Success

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"Did you buy any Royal Mail shares?" "Have you sold them yet?" Two of the most common "icebreaker" questions I have heard in the last fortnight or so.

United KingdomStrategy
Jonathan Deverill
Jonathan Deverill

"Did you buy any Royal Mail shares?" "Have you sold them yet?" Two of the most common "icebreaker" questions I have heard in the last fortnight or so.

The biggest privatisation for some time was always going to be controversial. The Communication Workers Union has consistently opposed it. Politicians, seemingly agreed on enabling the centuries-old business to access the capital markets, have been at daggers drawn over the £3.3 billion price-tag since well before the first day of trading on the London Stock Exchange. And the full implications of both the stake built by The Children's Investment Fund and the mooted pay and pensions deal with the CWU will not become clear for some time.

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