28.10.2013 - Singapore government stake building in Royal Mail shares
The Singapore government is Royal Mail’s second biggest private owner. Mega-rich GIC now owns a 4.1% stake of the privatised postal giant, worth nearly £230million. It follows revelations that an aggressive hedge fund, TCI, had become the biggest private shareholder in the firm. Confirmation of the latest big money investor to snap up a major chunk of the firm came as a top analyst valued Royal Mail at £5.7billion – £2.4bn more than the Government’s ill-fated estimate...............................................Full Article: Source
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