MPs summon bankers to explain their valuations of Royal Mail MPs - TopicsExpress

MPs summon bankers to explain their valuations of Royal Mail MPs investigating whether last months £3. 3bn sale of shares in the Royal Mail shortchanged taxpayers have summoned City bankers to explain how they put a price on the near 500-year-old firm. The Royal Mail share price has soared some 70% since 11 October when the government sold a majority stake in the postal service, prompting criticism from unions and opposition MPs that the firm was sold off too cheaply. It was revealed after the float that four investment banks - JP Morgan, Panmure Gordon, Deutsche and Citi - believed the Royal

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