Topical Question: Royal Mail
Philip Dunne asks the Postal Affairs Minister if any discussions have taken place with a private equity firm about the possible sale of a stake in Royal Mail.
Mr. Philip Dunne (Ludlow) (Con): Will the Minister confirm whether the Department or Royal Mail have entered into any discussions with a private equity firm about the possible sale of a stake in Royal Mail?
Mr. McFadden: The process for people expressing an interest in Royal Mail is open and we have not reached any conclusion so far on the prospective partner. We believe that it is in the interests of Royal Mail to partner with an experienced network or postal partner that has gone through the experience of change in a network operation of the sort that Royal Mail runs.
