Singapore increases stake in UK’s Royal Mail

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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