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Taxpayer lost out on Royal Mail as big investors flipped shares – watchdog

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Taxpayer lost out on Royal Mail as big investors flipped shares – watchdog

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  • The government could have reaped more value from the Royal Mail sale it if had been less cautious and better controlled access to shares
  • “The government retained 30% of the company. It could have retained even more and allowed the taxpayer to participate further in the rapidly increasing share price and thus limit the cost of to the taxpayer of its cautious approach.”
  • In addition, BIS gave priority to a small number of investors, in the belief they would form a stable and supportive shareholder base.

Read full article here on Investment Week

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