The privatisation of state-owned Royal Mail Group will most likely take place in the first quarter of 2014, with a flotation the main preference, its Chief Executive told Reuters.

I don't think that it is impossible that we could be in a deal mode in 2013, but personally I think it is probably more likely to be the first quarter in 2014, CEO Moya Greene told Reuters on Tuesday.

My preference and I believe the government's preference is a float, she added.

(Reporting by Neil Maidment; Editing by Matt Scuffham)