Royal Mail Group will be listed on the highest expected valuation of 3300000000 pounds

The British Ministry of Commerce recently said, owned by the Royal Mail Group will be in October 11th on the London Stock Exchange, the initial public offering (IPO), the expected value up to 3300000000 pounds (about $5280000000).
The British government said in a statement issued by the Royal Mail, will sell 40.1% to 52.2% of the shares, per share valuation in 2.6 pounds to 3.3 pounds (about $4.16 to $5.28), the total valuation in 2600000000 to 3300000000 pounds (about $4160000000 to $5280000000).
The British Minister of Commerce Cable said, listing to the Royal Mail Access to private capital markets, so as to modernize the necessary. According to the government had promised, 10% of the Royal Mail will be free to send shares the group employees.
The Royal Mail's CEO Moya Green said, the company listed will not change, will be able to better adapt to the fast changing and competitive market.
According to the latest data show, the Royal Mail operation history of 360 years accounted for 53% of the market share of the UK courier. At present, the Group employs about 150000, is one of the UK's largest employer. In the late 3's in the last fiscal year, the group realized profit of 403000000 pounds (about $645000000), compared with the previous year doubled in size.
MYEX Minya Express International
2013-09-30