Royal Mail

Department for Business, Innovation and Skills written question – answered on 30th June 2015.

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Photo of Chuka Umunna Chuka Umunna Shadow Secretary of State for Business, Innovation and Skills

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 22 June 2015 to Question 2810, what non-discretionary fees and payments were paid to each of those firms.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

Rothschild will be paid a fee of £25k for their work on the disposal of the Government’s shareholding in Royal Mail. Each of the banks who executed the Accelerated Bookbuild were paid £1. Freshfields fees for the sale are expected to be around £50k.

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