Singapore’s GIC Major Holder of Royal Mail
Posted on 10/25/2013
One of Singapore’s sovereign wealth funds, GIC Private Limited, is the second largest private owner of the 500—year old Royal Mail plc. Royal Mail was recently privatized; shares were priced at £3.30.
GIC Private Limited holds a 4.1% stake valued at around £230 million – holding 41 million shares. Singapore’s GIC follows behind hedge fund, The Children’s Investment Fund (TCI), which took a 5.8% stake.
The Kuwait Investment Office (KIO), an arm of the Kuwait Investment Authority (KIA) that heavily invests in U.K. equities, is thought to have allocated £50 million in Royal Mail shares.
- Deals
- GIC
- Government of Singapore Investment Corporation
- Hedge Funds
- Hohn
- Kuwait Investment Authority
- Royal Mail
- Singapore
- TCI