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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Singapore invests in GPT as CEO resigns

Posted on 23 October 2008

From Theaustralian.news.com.au: Singapore’s sovereign wealth fund confirmed today that it has invested in Australia’s oldest property trust, GPT Group.

CEO, Nic Lyons leaves GPT. Michael O’Brien will be acting chief executive in the meantime. The news came as the heavily-indebted GPT confirmed a report in today’s Primespace section of The Australian newspaper that GPT plans to raise at least $1.6 billion in capital from investors and that chief executive Nic Lyons would leave the company….. Full Article: Source


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