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Written question asked by Chuka Umunna (Labour) on Monday, 21 July 2014, in the House of Commons. It was due for an answer on Monday, 1 September 2014. It was answered by Matt Hancock (Conservative) on Thursday, 4 September 2014 on behalf of the Department for Business, Innovation and Skills.


Royal Mail

Question

To ask the Secretary of State for Business, Innovation and Skills, what assurances the Government sought from (a) its financial adviser and (b) the syndicate of banks in advance of the privatisation of Royal Mail.

Answer

The Government’s financial adviser and the syndicate of banks providing professional services to support the preparation and delivery of the Royal Mail share sale were procured through competitive tendering processes. Advisers procured in this way provide assurance that they will deliver the services commissioned through the terms and conditions of their contractual engagement.


Secondary information

Type
Written question
Reference
206785
Session
2014-15
Subjects
Privatisation Royal Mail
Link
View this Written question on www.parliament.uk