How much of royal mail was privatised

Royal Mail, the UK's postal service, was partially privatized in 2013. Prior to the privatization, Royal Mail was a publicly owned company, with the UK government holding a 100% stake.

In October 2013, the UK government floated a minority stake in Royal Mail on the London Stock Exchange, selling 60% of the company's shares to the public. The initial public offering (IPO) raised £3.3 billion (approximately $4.5 billion USD).

After the IPO, the UK government retained a 39% stake in Royal Mail, with the remaining 61% held by institutional investors, individual investors, and the public. The privatization was seen as a way to raise capital for the government and to give Royal Mail more flexibility to operate in a competitive market.

However, it's worth noting that the UK government still has a significant stake in Royal Mail, and the company is still subject to certain regulatory requirements and obligations. For example, Royal Mail is required to maintain a universal service obligation, which means it must provide a minimum level of postal services to all parts of the UK, regardless of profitability.

Here is a breakdown of the ownership structure of Royal Mail after the 2013 IPO:

It's also worth noting that in 2020, the UK government sold an additional 6% stake in Royal Mail, reducing its ownership stake to 33%.