UK lawmakers plan to call Goldman Sachs and UBS to a parliamentary committee over the pricing of the Royal Mail privatisation in a hearing scheduled for next month.

The UK's Business Innovation and Skills Committee decided at a meeting earlier today to ask the two banks to answer questions at a session pencilled in for November 20. Goldman Sachs and UBS were joint global coordinators on the initial public offering in which the UK government sold a majority stake in the 497-year-old postal operator through a float on the London Stock Exchange on October 10. Shares of the company were priced at 330p, giving it a valuation of £3.3 billion.