LONDON (Reuters) – The British government is likely to put on hold plans to sell part of Royal Mail because it has run out of parliamentary time and market conditions are not right, Business Secretary Peter Mandelson said on Monday. Speaking to the Financial Times, Mandelson pointed to the depressed state of financial markets as [...]

AMSTERDAM (Reuters) – Dutch mail company TNT NV (TNT.AS) said on Monday it had not yet made a bid for Britain’s Royal Mail, but said it was interested in the company and would consult shareholders if it does make an offer. British newspaper Sunday Telegraph earlier reported private equity group CVC Partners offered to pay [...]

LONDON (Reuters) – Private equity group CVC Partners has offered to pay just under 2 billion pounds ($3.21 billion) for a 30 percent stake in state-owned postal group Royal Mail, the Sunday Telegraph reported. The bid is higher than a rival offer from Dutch logistics group TNT (TNT.AS) but below the government’s original target, the [...]

FRANKFURT (Reuters) – Deutsche Post (DPWGn.DE), Europe’s biggest mail company, is bidding for a stake in British state-owned postal company Royal Mail along with Dutch TNT (TNT.AS) and private equity firm CVC, a German weekly reported. A team of twelve Deutsche Post managers, headed by finance chief John Allan, had met with the advisory board [...]

LONDON (Reuters) – Private equity firm CVC Capital Partners is drawing up plans to take a stake in Britain’s state-owned postal operator Royal Mail, the Sunday Telegraph said, without citing sources. A spokeswoman for CVC declined to comment. British business minister Peter Mandelson said in December the Royal Mail should be part-privatised to improve its [...]

UK buyout firm CVC is planning on buying a sizeable minority stake through the part-privatization of the Royal Mail, it has emerged.   The Wall Street Journal is reporting that the British government wants to sell at least 25% of Royal Mail Group while keeping control of the Post Office branches themselves.   In April [...]