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tabling member constituency	Streatham
answering dept sort name	Business, Innovation and Skills
uin	195196

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Search Results

registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

46826

registered interest

date

03/04/2014

answering body

Department for Business, Innovation and Skills

answering dept id

answering dept short name

Business, Innovation and Skills

answering dept sort name

Business, Innovation and Skills

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Business, Innovation and Skills, what process the Government adopted to (a) identify and (b) select priority investors in the recent Royal Mail privatisation.

tabling member constituency

Streatham

tabling member printed

Mr Chuka Umunna

uin

195196

answer

is ministerial correction

date of answer

09/04/2014

answer text

The process of investor engagement commenced 12 months prior to the Initial Public Offering (IPO). In the initial period, Royal Mail's management met with over 60 high quality institutions to educate them about the business. During pilot fishing in early September 2013, the management team and the Government's banking advisers engaged further with a focused group of 21 well-informed and longer-term investors. Initial indications of potential demand were received from this group; this gave the Government the confidence to proceed with announcing the Intention to Float on 12th September 2013.

answering member constituency

Sevenoaks

answering member printed

Michael Fallon

question first answered

09/04/2014 12:00:00

answering member

88

	label	Biography information for Sir Michael Fallon

tabling member

4128

	label	Biography information for Chuka Umunna