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. ]

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