Vince Cable, business secretary, will announce on Thursday that he has commissioned Richard Hooper to update his findings and help shape the coalition’s ambitious privatisation plan for Royal Mail, reports the Financial Times.
Read MoreCVC Capital Partners, the private equity firm, has entered negotiations to acquire a ‘substantial stake’ in TNT Post, it has been reported in a Dutch newspaper.
Read MoreBids for the sale of a 30% stake in Royal Mail are due in April, business minister Peter Mandelson has said, signaling the government is pushing ahead with the controversial sale.
Read MoreCVC Capital has shuffled its European postal assets, selling its stake in the Danish post office and increasing its stake in the Belgian one as it considers an investment in Royal Mail of the UK.
Read MoreThe Government is lining up Donald Brydon, the chairman of Smiths Group, as the new chairman of Royal Mail with a brief to steer the company through its controversial part-privatisation.
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