GIC

Briefs
SINGAPORE (May 13): “I have waited my entire career to trade a stock like this, and to open an IPO like Uber.” — Pete Giacchi, senior trader at Citadel Securities. Uber is set to start trading on May 10. MAS shifts $45 billion of reserves to GIC in unusual, publicised move In an unusual public announcement, the Monetary Authority of Singapore says it is transferring $45 billion from ...
Singtel to buy US$525 mil worth of stock in India's Bharti Airtel
(Mar 7): Singapore Telecommunications (Singtel) said it will buy roughly US$525 million ($712.4 million) worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise US$4.6 billion through new shares and bonds. The fund raising plan, announced last month, is aimed at cutting debt and shoring up Bharti Airtel's balance sheet as the Indian telecom industry reels from the ...
GIC in JV to establish US$2 bil unlisted Australian logistics property REIT
(Nov 26): GIC, Singapore’s sovereign wealth fund, and Dexus, an Australian REIT, have established the Dexus Australian Logistics Trust, a new A$2 billion ($2.75 billion) unlisted trust, to invest in logistics properties in Australia. The joint venture will be seeded with a A$1.4 billion, high-quality logistics portfolio, comprising mostly core logistics facilities in strong performing ...
CapitaLand's RCCIP III fund in JV with GIC to acquire Shanghai's tallest twin towers for $2.54 bil
SINGAPORE (Nov 13): CapitaLand announced that its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III), has formed a 50:50 joint venture (JV) with Singapore’s sovereign wealth fund GIC to acquire Shanghai’s tallest twin towers for RMB 12.8 billion ($2.54 billion). CapitaLand holds a 41.7% stake in RCCIP III, with the ...
GIC takes minority stake in Nordic Aviation Capital
SINGAPORE (Oct 16): Singapore sovereign wealth fund GIC is taking a minority stake in Denmark-based Nordic Aviation Capital (NAC), the world's largest lessor of regional aircraft said in a statement. See also: GIC enters into agreement to acquire Tour Ariane in Paris for $741 mil The deal will see the sovereign wealth fund join NAC's founder, Martin Møller and Swedish private equity firm ...
GIC enters into agreement to acquire Tour Ariane in Paris for $741 mil
SINGAPORE (Oct 16): GIC has agreed to acquire Tour Ariane, a 40-storey office tower with a gross lettable area of 64,500 sqm for approximately €465 million ($741 million), from Unibail-Rodamco-Westfield.   Located in the heart of the La Défense business district in Paris, Tour Ariane is within walking distance from two main transport hubs and multiple amenities. Its accessibility and ...
GIC said to make another Vietnam bet with Masan group stake
(Oct 6): GIC, the Singapore sovereign wealth fund, is making another bet on Vietnam by purchasing a stake in local conglomerate Masan Group Corp, people with knowledge of the matter said. The state investment firm bought roughly half of KKR & Co’s 4.7% stake in Masan, according to the people, who asked not to be identified because the information is private. It purchased the stock as ...
Airbnb's China foe is said in talks to raise over US$200 mil
(Sept 28): One of Airbnb’s biggest Chinese rivals is in talks with Singapore’s sovereign wealth fund and other investors for more than US$200 million ($274 million) in new funding to take on the American home-sharing giant, according to people familiar with the deal. Beijing-based Xiaozhu.com, said to have been a potential acquisition target for Airbnb in 2016, lets users rent and host ...
GE's jet-leasing unit said to draw sale interest from GIC
NEW YORK (Sept 11): Singapore’s sovereign wealth fund has expressed interest in buying General Electric Co.’s plane-leasing unit, said people with knowledge of the matter. At a meeting between GIC Pte. and GE officials in August, fund executives asked whether the Boston-based company would consider selling all or a part of GE Capital Aviation Services, said the people, who asked not to be ...
Emerging markets rout presents buying opportunity, GIC CEO says
(Sept 6): The rout in emerging markets presents a potential buying opportunity, according to the chief executive officer of Singapore’s sovereign wealth fund. “As a long term investor, we are not too perturbed,” GIC CEO Lim Chow Kiat said during a Q&A session at the Bloomberg Sooner Than You Think technology summit in Singapore on Thursday. “In some markets it will give us ...