UK government completes final sale of its stake in Royal Mail
The sale has raised £591.1 million. Proceeds raised from sales of all the government’s shares total £3.3 billion.
Business Secretary, Sajid Javid, said: "This is a truly historic day for Royal Mail with the workers gaining a share of this history.
"We have delivered on our promise to sell the government’s entire remaining stake which means that for the very first time the company is now wholly owned by its employees and private investors. This is the right step for the Royal Mail, its customers and the taxpayer.
"Proceeds will also go to help pay off the national debt – a crucial part of our long term plan to provide economic security for working people." ■