Abu Dhabi, Kuwait see windfall from UK's Royal Mail sell-off - Banking & Finance - ArabianBusiness.com:
"Sovereign wealth funds in Abu Dhabi and Kuwait have each reportedly made a profit of nearly $30m each from their investment in the UK’s Royal Mail, after shares in the firm rocketed 40 percent above their issue price when it debuted on the London stock market on Friday.
Landsdowne, one of the world’s biggest hedge funds, and sovereign wealth funds including the Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Singapore’s GIC and Norway’s Norges all invested in the British postal service.
The Gulf funds are believed to have injected £50 million ($79 million) each, meaning the 40 percent surge in the value of stocks gave them an instant profit of around £18m ($28.7m), sources close to the deal told the CNBC news station."
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