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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

Royal Mail: Sovereign funds to get shares

Posted on 11 October 2013

A clutch of the world’s most powerful sovereign wealth funds are expected to be allocated millions of pounds-worth of shares in Royal Mail even as thousands of British investors are frozen out of the privatisation.
Sky News can reveal that state-backed entities from Kuwait and Singapore are among those which ordered shares worth hundreds of millions of pounds as part of the postal operator’s sell-off. The Kuwait Investment Office, the City-based branch of the Gulf state’s sovereign fund, and the Government Investment Corporation (GIC) of Singapore are expected to have their share applications scaled back because of the huge demand for Royal Mail stock………………………………………..Full Article: Source


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