Regions

The Department of Business of the UK had appointed three entities to serve in junior roles in the sale of the Royal Mail Group Ltd. According to a person familiar witht the transaction, the three firms are the Royal Bank of Canada, Nomura Holdings Inc and Investec Plc.

The UK government office had also appointed UBS AG with Goldman Sachs as joint global coordinators and coordinators last May 29. Barclays was appointed as sponsor and joint bookrunner as well as Bank of America Merrill Lynch as another bookrunner. The projected fees should the deal proceed would be around GBP10 million and GBP15 million. 

The goings on of the transaction were shared by a source who chose to remain anonymous, as the details of the said transaction were not yet public.

No decision has been reached yet on how the sale of the postal service is to be done, according to the UK government offie. There has been mention though of an IPO as the preferred option to be held by the end of financial year, set in March 2014.