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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Sovereign fund’s uncontested $1.5bln bid lands it MSR assets

Posted on 07 December 2012

A Singapore sovereign wealth fund has emerged as the winning bidder for MSR Resort Golf Course LLC after no competing bidders came forward to best its $1.5 billion stalking horse bid for the company’s five-resort portfolio, according to court documents filed in New York federal bankruptcy court Wednesday.
No competing bids emerged before MSR’s Dec. 3 bid deadline, meaning Government of Singapore Investment Corp. (Realty) Private Ltd.’s $1.5 billion offer is now the winning bid, according to a notice filed by MSR on Wednesday………………………………………..Full Article: Source


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