Government forced to publish list of ‘priority investors’ given lion’s share of Royal Mail shares - Chuka Umunna
Chuka Umunna MP, Labour’s Shadow Business Secretary, commenting on the list of priority investors in Royal Mail published by the government, said:
“Following repeated calls from Labour, and Ed Miliband’s questioning of the Prime Minister today, the government has been forced to publish the list of the ‘priority investors’ given the lion’s share of Royal Mail shares in its botched fire sale. This comes after ministers have dragged their feet for months.
“Vince Cable’s claims to have prioritised long-term investors now lie in tatters, and the City has made a fast buck at taxpayers’ expense. This list includes both Lazard Asset Management, and a hedge fund with links to the Conservative Party.
“The full scale of the mishandling of the sale of Royal Mail by David Cameron’s government is now becoming clear and serious questions for ministers are mounting. Taxpayers have been left hugely short changed at a time when families are being hit by a cost-of-living crisis.”
The list of priority investors released by BIS in a letter to Chuka Umunna is as follows:
Abu Dhabi Investment Authority
BlackRock
Capital Research
Fidelity Worldwide
GIC
Henderson
JP Morgan
Kuwait Investment Office
Lansdowne Partners
Lazard Asset Management
Och Ziff
Schroders
Soros
Standard Life
Third Point
Threadneedle
“Following repeated calls from Labour, and Ed Miliband’s questioning of the Prime Minister today, the government has been forced to publish the list of the ‘priority investors’ given the lion’s share of Royal Mail shares in its botched fire sale. This comes after ministers have dragged their feet for months.
“Vince Cable’s claims to have prioritised long-term investors now lie in tatters, and the City has made a fast buck at taxpayers’ expense. This list includes both Lazard Asset Management, and a hedge fund with links to the Conservative Party.
“The full scale of the mishandling of the sale of Royal Mail by David Cameron’s government is now becoming clear and serious questions for ministers are mounting. Taxpayers have been left hugely short changed at a time when families are being hit by a cost-of-living crisis.”
The list of priority investors released by BIS in a letter to Chuka Umunna is as follows:
Abu Dhabi Investment Authority
BlackRock
Capital Research
Fidelity Worldwide
GIC
Henderson
JP Morgan
Kuwait Investment Office
Lansdowne Partners
Lazard Asset Management
Och Ziff
Schroders
Soros
Standard Life
Third Point
Threadneedle
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