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.

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