Who owns uk mail
UK Mail, also known as Parcelforce, is a subsidiary of Royal Mail Group Limited, which is a publicly traded company listed on the London Stock Exchange (LSE).
Royal Mail Group Limited is a postal service and courier company that was previously a state-owned enterprise, but was privatized in 2013. The company is headquartered in London, UK, and operates a network of post offices, sorting offices, and delivery depots across the UK.
In 2013, Royal Mail Group Limited was floated on the London Stock Exchange, and the UK government sold a majority stake in the company to institutional investors. The company is now listed on the LSE under the ticker symbol RMG.
As a result, there is no single individual or entity that "owns" UK Mail, as it is a publicly traded company with a diverse range of shareholders. However, the UK government still retains a minority stake in the company, with around 30% of the shares held by the Department for Business, Energy and Industrial Strategy (BEIS).
Here is a breakdown of the ownership structure of Royal Mail Group Limited:
- Institutional investors: 70%
- Pension funds
- Insurance companies
- Investment trusts
- UK government: 30%
- Department for Business, Energy and Industrial Strategy (BEIS)
It's worth noting that UK Mail is a subsidiary of Royal Mail Group Limited, and is responsible for the company's parcel delivery business.