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Written question asked by Chuka Umunna (Labour) on Wednesday, 10 June 2015, in the House of Commons. It was due for an answer on Tuesday, 16 June 2015 (named day). It was answered by Anna Soubry (Conservative) on Tuesday, 16 June 2015 on behalf of the Department for Business, Innovation and Skills.


Royal Mail

Question

To ask the Secretary of State for Business, Innovation and Skills, which banks or syndicate of banks are (a) advising the Government and (b) overseeing the sale of the remaining public stake in Royal Mail; and whether any other banks, institutions or firms have involvement in that process.

Answer

The Government has appointed Rothschild to provide independent financial advice and Freshfields to provide external legal advice. The syndicate of banks were Bank of America Merrill Lynch, Goldman Sachs and JP Morgan.


Secondary information

Type
Written question
Reference
1839
Session
2015-16
Subjects
Banks Government shareholding Privatisation Shares Royal Mail
Link
View this Written question on www.parliament.uk