Signs Royal Mail privatisation could go well as Belgium's IPO raises £700m

The successful IPO of the Belgium's post service, raising over £693m from the sale of a 28 per cent stake, will be read as a positive sign for the coming privatisation of Royal Mail.

However, a Reuters source sees the businesses as quite different:

It will be very reassuring to see a mail business come with such a strong performance and price towards the top of the range. That bodes well, but they are going to have some different issues

Royal Mail is at a very different stage. Bpost has gone through years of restructuring ... Royal Mail is going to have to be positioned quite differently to bpost.

This week the Royal Mail went to the High Court to block threats by the Communication Workers Union (CWU) to boycott the delivery of about half the letters it delivers.

74 per cent of members voted on a proposal conerning privatisation of the postal group, with 96 per cent of voters voting against the denationalisation.

Business minister Michael Fallon said he was “disappointed” CWU members had not backed the privatisation.