Question

To ask the Secretary of State for Business, Innovation and Skills, which banks or syndicate of banks are (a) advising the Government and (b) overseeing the sale of the remaining public stake in Royal Mail; and whether any other banks, institutions or firms have involvement in that process.

The Government has appointed Rothschild to provide independent financial advice and Freshfields to provide external legal advice. The syndicate of banks were Bank of America Merrill Lynch, Goldman Sachs and JP Morgan.