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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC invests S$170 mln in Brazilian water treatment firm

Posted on 03 October 2013

Sovereign wealth fund GIC has invested 300 million real (S$170 million) in a Brazilian water and sewage treatment company as it expands its presence in Latin America’s biggest economy.
Aegea Saneamento e Participacoes, an arm of conglomerate Grupo Equipav, said on Tuesday that the investment will be used to help fund its growth plans. It holds about 15 per cent of the private water and sewage treatment market in Brazil. “Aegea manages an attractive portfolio of water and sewage concessions in Brazil,” said Mr Tay Lim Hock, President of GIC Special Investments………………………………………..Full Article: Source


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