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Written question asked by Chuka Umunna (Labour) on Wednesday, 24 June 2015, in the House of Commons. It was due for an answer on Tuesday, 30 June 2015 (named day). It was answered by Anna Soubry (Conservative) on Tuesday, 30 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, pursuant to the Answer of 22 June 2015 to Question 2810, what non-discretionary fees and payments were paid to each of those firms.

Answer

Rothschild will be paid a fee of £25k for their work on the disposal of the Government’s shareholding in Royal Mail. Each of the banks who executed the Accelerated Bookbuild were paid £1. Freshfields fees for the sale are expected to be around £50k.


Secondary information

Type
Written question
Reference
4159
Session
2015-16
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Subjects
Banks Government shareholding Privatisation Shares Royal Mail
Link
View this Written question on www.parliament.uk