15:18
Tieng Anh Vui
The process of selling off a majority stake in Royal Mail may begin on Thursday morning, BBC's Newsnight programme has learned.
Business Secretary Vince Cable announced the government's intention to privatise the postal service through a stock market flotation in July.
But a formal "intention to float" statement may now come before the stock markets open in London.
The plans have provoked strong opposition from unions.
The Communication Workers Union (CWU) is currently balloting members on strike action.
Plans already outlined by the government are set to allow members of the public to buy shares in Royal Mail, alongside larger institutional investors - 10% of shares will be set aside for Royal Mail employees.
The sale is likely to value the business at £2bn-£3bn, suggesting up to 150,000 staff will receive £200m-£300m in shares.
The government says the sale is necessary in order to give Royal Mail the access to private capital it needs to grow and remain competitive.
Đăng ký: Tieng Anh Vui
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