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To ask the Secretary of State for Business, Innovation and Skills whether prospective purchasers of Royal Mail will be permitted to divest the business of its international parcels business, General Logistics Systems.
[157655]
To ask the Secretary of State for Business, Innovation and Skills whether prospective purchasers of Royal Mail will be permitted to divest the business of its international parcels business, General Logistics Systems.
[157655]
Our intention is to give Royal Mail real commercial freedom and future access to private sector capital by selling shares in Royal Mail this financial year—2013/14. Placing restrictions on GLS or other matters would not be consistent with that policy.
GLS is a profitable part of the Royal Mail business and a contributor to its results. Any decisions on its future, after a sale, would be taken in that context and would be a matter for Royal Mail.