Singapore increases stake in UK’s Royal Mail

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Royal Mail1One of Singapore’s state investment companies, GIC Private, has bought 41 million shares in the UK’s newly privatised delivery company Royal Mail, The Telegraph reported.

A regulatory announcement on October shows that GIC took its stake over the 4 per cent disclosure threshold. At this level, GIC’s stake is worth $367 million.

The sovereign wealth fund has is already a big investor in the UK with stakes in the Blue Water Shopping Centre and Kelda Group, the water and waste management group.

Although GIC is not one of the British pension fund investors that Vince Cable wanted to see at the top of Royal Mail’s share register, it does at least count as one of the targeted “long-term” investors.

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Reading Time: 1 minute

One of Singapore’s state investment companies, GIC Private, has bought 41 million shares in the UK’s newly privatised delivery company Royal Mail, The Telegraph reported.

Reading Time: 1 minute

Royal Mail1One of Singapore’s state investment companies, GIC Private, has bought 41 million shares in the UK’s newly privatised delivery company Royal Mail, The Telegraph reported.

A regulatory announcement on October shows that GIC took its stake over the 4 per cent disclosure threshold. At this level, GIC’s stake is worth $367 million.

The sovereign wealth fund has is already a big investor in the UK with stakes in the Blue Water Shopping Centre and Kelda Group, the water and waste management group.

Although GIC is not one of the British pension fund investors that Vince Cable wanted to see at the top of Royal Mail’s share register, it does at least count as one of the targeted “long-term” investors.

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