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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore fund was ‘core’ Royal Mail investor

Posted on 30 April 2014

State-backed funds from Kuwait and Singapore were among 16 investors given large allocations of Royal Mail shares as part of the company’s contentious £3.3bn privatisation.
Sky News can reveal that the Kuwait Investment Office and the Government Investment Corporation of Singapore (GIC) were among the funds labelled by the National Audit Office (NAO) as ‘priority investors’ in a report which criticised ministers’ handling of the postal operator’s sell-off……………………………………….Full Article: Source


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