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, […]