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UK watchdog to quiz Lazard over Royal Mail float

A dog walker posts a letter in a Royal Mail post box in Maybury near Woking in southern England March 25, 2014. REUTERS/Luke MacGregor
A dog walker posts a letter in a Royal Mail post box in Maybury near Woking in southern England March 25, 2014. REUTERS/Luke MacGregor

LONDON (Reuters) - The British public spending watchdog will call up independent financial adviser Lazard this month regarding its role on the controversial Royal Mail flotation, a government spokeswoman said on Thursday.

Lazard, which advised the government on the listing, will be called before the Public Accounts Committee on April 30th, the spokeswoman said. Last week a report by the National Audit Office said that the flotation had been underpriced.

(Reporting By Freya Berry; editing by Kirstin Ridley)

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