Singapore Fund Was 'Core' Royal Mail Investor

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State-backed funds from Kuwait and Singapore were among 16 investors given large allocations of Royal Mail (Other OTC: ROYMF – news) 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 …

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