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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GIC close to purchasing stake in Brazil’s BR Towers

Posted on 11 March 2013

Government of Singapore Investment Corp (GIC), manager of more than US$100 billion (RM310.5 billion) of the city’s reserves, is close to a deal to buy a 20% stake in BR Towers SA, the Brazilian operator of cellular towers, two people with direct knowledge of the transaction said.
Singapore’s sovereign wealth fund is making the investment to profit from Brazil’s increased spending on infrastructure, according to one of the people. GIC’s Twickenham Investment Pte Ltd unit is handling the acquisition, the person said………………………………………..Full Article: Source


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