23rd Oct 2013 09:41
LONDON (Alliance News) - Hedge fund The Children's Investment Fund has emerged as the second-biggest shareholder in newly-listed Royal Mail Group PLC behind the UK government, regulatory filings show.
The fund has taken a 5.82% stake in the mail operator in the wake of the recent IPO, worth about GBP280 million at the company's current share price. It has been buying up shares in the open market.
Royal Mail shares were up 4.2% at 520.06 pence Wednesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
RMG.L