Singapore’s GIC Major Holder of Royal Mail
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 UK equities, is thought to have allocated £50 million in Royal Mail shares.
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