30/04/2014

Govt Names Royal Mail Investors

Business Secretary Vince Cable has released the names of the 16 'pilot fishing investors' who gave government the confidence to launch the Royal Mail Initial Public Offering (IPO) and who were later allocated shares.

He said: "I told the BIS Select Committee yesterday I wanted to be as helpful and transparent as possible. In that spirit I had already provided the names to the National Audit Office and yesterday I provided the list in confidence to the chairs of the BIS Select Committee and the Public Accounts Committee.

"I had been advised that the investors expected confidentiality around their share acquisitions but there has been strong interest in who the investors are and speculation around the names, some of it inaccurate. I have decided the public has an interest in an accurate list being available."

The list of these investors is as follows:

• Abu Dhabi Investment Authority

• BlackRock

• Capital Research

• Fidelity Worldwide

• GIC

• Henderson

• JP Morgan

• Kuwait Investment Office

• Lansdowne Partners

• Lazard Asset Management

• Och Ziff

• Schroders

• Soros

• Standard Life

• Third Point

• Threadneedle

(CD/JP)

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