Singapore SWF Makes Bid for UK Roadside Assistance Firm
UPDATE: September 25, 2014
GIC Private Limited has agreed to become a co-shareholder in RAC Ltd. In addition, RAC will not be pursuing an initial public offering at this moment.
Singapore’s GIC Private Limited is in discussions with the Carlyle Group in a possible £2 billion (US$ 3.3 billion) plus takeover of RAC Ltd, the #2 largest roadside recovery business in the UK. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute