Wed, Mar 4, 2015
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

GIC to buy Paulson resorts for S$1.8 bln

Posted on 07 December 2012

The Government of Singapore Investment Corp (GIC) is set to acquire a group of resorts owned by hedge fund Paulson & Co for the sum of US$1.5 billion (S$1.8 billion) after no competing bidders emerged for the bankrupt properties.
An auction for the properties was cancelled after no other bids were received, leaving GIC as the successful bidder, according to a filing yesterday in the United States Bankruptcy Court in Manhattan………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15841 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031