Connect with us

Royal Mail Holdings plc Privatization Moves Closer

Published

on

Royal_MailUnited Kingdom government officials announced Goldman Sachs and UBS AG will command a syndicate of banks for the £3 billion privatization of state-owned postal service Royal Mail Holdings plc. Other banks involved include Bank of America Merrill Lynch and Barclays. Past experience with Royal Mail was a factor in banker selection. The banks plan to collect around £30 million in fees. In the deal, postal workers would get a 10% stake.

Royal Mail is directly owned by the Department of Trade and Industry. Officials from the Secretary of State for Business, Innovation and Skills (BIS) mentioned that they negotiated hard to get the maximum value for UK taxpayers.

According to the Sovereign Wealth Fund Institute, the United Kingdom is a major recipient of direct sovereign wealth fund investment.

Direct sovereign wealth investment in the UK surpasses Spain, France and Italy. Sovereign wealth funds and other foreign investors could invest in Royal Mail. Monopolistic characteristics and strong cash flows attract long-term institutional investors.

The flotation would make the 497-year old Royal Mail one of the biggest and oldest companies on the FTSE. It would be the largest privatization in England since selling the railways in the 1990s.

Chinese SAFE Investment Company Sells Off Stake in Ropemaker Place

Published

on

Singapore-listed property company Ho Bee Land, acquired a prime office at 25 Ropemaker Place, EC2, located in the City of London, for £650 million. The property went up for sale in December 2017.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Norway SWF Adds to Existing Investment in Central London

Published

on

On June 15, 2018, Norges Bank Real Estate Management, the manager of Norway Government Pension Fund Global, acquired 25 percent of a long leasehold interest in 30 Warwick Street in central London, in joint venture with The Crown Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Crown Property Bureau Moves Assets to Thailand King Under 2017 Law

Published

on

In December 2016, Crown Prince Maha Vajiralongkorn became King of Thailand, succeeding his father King Bhumibol Adulyadej who passed away in October 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.