Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Chuka Umunna on 2014-07-15.

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer to the hon. Member for Edinburgh South of 24 June 2014, Official Report, column 167W, on Royal Mail, what correspondence his Department has had with the syndicate of banks involved in the initial public offering on (a) the payment of the discretionary fee and (b) the length of the stabilisation period set out in the engagement letter.

Matthew Hancock

The Department has not had any correspondence with the syndicate of banks about the payment of the discretionary fee and the length of the stabilisation period.