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Royal Mail 'To Sell Its Stake In Camelot'

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POSTMAN
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Royal Mail 'To Sell Its Stake In Camelot'

Post by POSTMAN »

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Royal Mail is to sell its stake in the National Lottery operator Camelot, Sky sources say.
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fishtank
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Re: Royal Mail 'To Sell Its Stake In Camelot'

Post by fishtank »

I wonder if this is because of the £2.2billion pledge towards the cost of London 2012.
Anyone taking over would have to honour this.
The other four Cadbury,Fujitsu,Thales and De La Rue have been looking to offload for some time,but RMs reluctance to sell was a stumbling block.
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heapsy
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Re: Royal Mail 'To Sell Its Stake In Camelot'

Post by heapsy »

Wonder if this will be used to help plug the pensions deficit? Just a thought. :hmmmm
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Re: Royal Mail 'To Sell Its Stake In Camelot'

Post by fishtank »

heapsy wrote:Wonder if this will be used to help plug the pensions deficit? Just a thought. :hmmmm


The company is only worth between £400m and £500m.

RMs share at best would be £100m

Not a very large plug :chuckle :chuckle
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Thunderthighs
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Re: Royal Mail 'To Sell Its Stake In Camelot'

Post by Thunderthighs »

"And the 3rd ball is "Load of Bollocks!" That's the 5th time this week a DIM has said it..."