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Royal Mail - sell off

(14 Posts)
NanaTuesday Wed 29-May-24 08:06:36

What’s everyone’s thoughts on RM being sold to a Private Equity Firm ?

A £5billion deal

flappergirl Wed 29-May-24 09:14:26

It has already been privatised in 2011 under the coalition and completed in 2015. Vince Cable was at the forefront of the sell off. I believe the bid has come from the majority shareholder who is a Czech billionaire?

I don't think it should ever have been privatised. Even the American postal service isn't and that's saying something.

Germanshepherdsmum Wed 29-May-24 09:20:38

I don’t think the OP realises it was ‘sold off’ years ago.

Katyakatuska Wed 29-May-24 09:26:09

I'm looking forward to it. As an ex employee and share holder, it should bump up the share price!

NanaTuesday Wed 29-May-24 13:48:07

Message deleted by Gransnet. Here's a link to our Talk guidelines.

Germanshepherdsmum Wed 29-May-24 13:53:11

You don’t like being corrected obviously. What I said was not damn (sic) rude.

Grantanow Wed 29-May-24 14:25:46

I think it should be renationalised and remain so like the US Mail. Same goes for the water companies.

NanaTuesday Wed 29-May-24 14:48:36

Message deleted by Gransnet. Here's a link to our Talk guidelines.

Germanshepherdsmum Wed 29-May-24 14:51:04

When you talk of a sell off, it implies that the government are selling. An existing private owner is selling. Such things happen every day.

BlueBelle Wed 29-May-24 14:53:36

Well it can’t get any worse than it is
My parcel I sent twice has never turned up since sent in March so missed my grandaughters 21 st and her sisters 18 th grrrrr now I package I ve sent to a uk address has not turned up after 9 days grr again

Callistemon21 Wed 29-May-24 15:24:27

Germanshepherdsmum

When you talk of a sell off, it implies that the government are selling. An existing private owner is selling. Such things happen every day.

Yes, this.

And what Bluebelle says.
"Things can only get better" as the song goes, Bluebelle
Or perhaps not.

GrannyGravy13 Wed 29-May-24 15:28:44

The procedure to sell Royal Mail started in 2010 and was finalised in 2013.

The Czech millionair already has shares in it and the Board have approved selling him the remaining shares.

Nothing whatsoever to do with the Government as it is a private company.

Hopefully it will improve…

BlueBelle Wed 29-May-24 15:31:09

Can it get worse Callistemon all our ‘shop’ PO have now closed I have a 30 minute walk there and back to the nearest which is not even on a bus route

Callistemon21 Wed 29-May-24 15:33:41

BlueBelle

Can it get worse Callistemon all our ‘shop’ PO have now closed I have a 30 minute walk there and back to the nearest which is not even on a bus route

The Post Office is separate from Royal Mail. Two separate businesses.