
A Singapore sovereign wealth fund has placed an order for shares in Britain\'s Royal Mail ahead of its privatization, a report said late Sunday. The Government Investment Corporation is set to become a \"significant\" shareholder in the postal service, Britain\'s (Sky News) said. It did not say how many shares it had ordered ahead of the initial public offering, which is estimated at up to 3.3 billion pounds (5.3 billion dollars). Britain\'s Conservative-Liberal Democrat coalition is selling up to 70% of the state-owned Royal Mail, which dates back to 1516. Trading is expected to start in the middle of October. Postal workers have threatened to strike in protest.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

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