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answering dept short name	Business, Innovation and Skills
tabling member constituency	Streatham
uin	195197

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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

46827

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, for what reasons details of arrangements with priority investors in respect of the privatisation of Royal Mail were not published at the time of that privatisation.

tabling member constituency

Streatham

tabling member printed

Mr Chuka Umunna

uin

195197

answer

is ministerial correction

date of answer

09/04/2014

answer text

The Government did not enter into any direct arrangements with investors. All institutional investors entered into agreements with the underwriting banks (the syndicate) to purchase their allocated shares at the offer price. This is standard practice and applied to all investors. Details of individual allocations were not disclosed because all investors in Royal Mail - whether individuals or institutions - have a legitimate expectation of privacy.

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