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Home / News / Company News

GIC to buy US$2.05 bil minority stake in Duke Energy Corp unit

Company in the news

GIC to buy US$2.05 bil minority stake in Duke Energy Corp unit

Bloomberg Published on Mon, Feb 01, 2021 / 11:00 AM GMT+8

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Singapore’s sovereign wealth fund, GIC, agreed to buy a US$2.05 billion ($2.72 billion) minority stake in a Duke Energy Corp. unit, allowing the utility to forgo a planned equity raise as power companies nationwide prioritize renewable-energy development.

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