British Govt to partially privatize Royal Mail

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

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

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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.