30.09.2013 - Singapore fund swoops for Royal Mail stake
A Singaporean state-backed fund is poised to become a significant shareholder in Royal Mail amid strong overseas demand for the postal operator's shares. Sky News has learnt that the Government Investment Corporation (GIC) of Singapore has placed an order as part of the 3bn privatisation of Royal Mail, further details of which were announced last week. GIC is one of several sovereign wealth funds which have expressed an interest in buying shares in the initial public offering, according to people close to the deal. Their appetite for the stock effectively means Royal Mail will swap the ownership of some of its shares by one government for others...............................................Full Article: Source
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