Royal Mail hires banks for IPO

City A.M. Reporter
THE UK government has given Investec, Nomura and RBC co-lead roles in the Royal Mail IPO.

Joint global coordinators Goldman Sachs and UBS were appointed in May alongside joint bookrunners Bank of America Merrill Lynch and Barclays.

The £2.5bn flotation, expected to be Britain’s biggest privatisation in 20 year is expected to go ahead in the autumn.