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British Govt to partially privatize Royal Mail

Britain's new government plans to partially privatize the country's struggling mail delivery service, Royal Mail.

world Updated: May 20, 2010 16:53 IST

Britain's new government plans to partially privatize the country's struggling mail delivery service, Royal Mail.

A document released Thursday says the coalition government plans to seek "an injection of private capital" into the government-run company. But it doesn't say how much of the mail group will be up for sale.

The previous Labour government shelved its controversial plans to part-privatize Royal Mail last year after strong opposition from unions.