Royal Mail privatisation: bankers to face select committee

The flotation of Royal Mail will come under renewed scrutiny this week when MPs question some of the City’s top investment bankers about the valuation placed on the company.

At Wednesday’s session of the business, innovation and skills (BIS) select committee, MPs will quiz top advisers from Goldman Sachs and UBS, the investment banks that ran Royal Mail’s flotation last month.

They will also hear from representatives of JP Morgan, Citi and Deutsche Bank – three City firms that missed out on running the share sale – and Panmure Gordon, a broker that was scathing about what it said was the undervaluation of Royal Mail.

Read more: Royal Mail privatisation: bankers to face select committee | UK news | The Observer.