Royal Mail Shares Priced At 330 Pence In Oversubscribed Sale - Presented by: The Aol. On Network

LONDON (Reuters) - Britain is selling a majority stake in Royal Mail at 330 pence a share following massive investor interest that values the postal service company at 3.3 billion pounds ($5.26 billion). In one of Britain's biggest privatizations for decades, Royal Mail on Thursday priced its London listing at the top of a 260 pence to 330 pence range in a sell-off which will flush around 2 billion pounds into government coffers.



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