Royal Mail's 3.0bn-pound IPO gathers momentum

The government has revealed that the flotation of the Royal Mail will be led by investment banks Goldman Sachs and UBS.

The government has revealed that the flotation of the Royal Mail will be led by investment banks Goldman Sachs and UBS.

Business Minister Michael Fallon said in a statement that the investment banking pair will act as joint global co-ordinators and joint bookrunners, with Barclays and Bank of America Merrill Lynch taking on joint bookrunning duties.

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