Sat, Aug 23, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

GIC ups stake in Philippines’ BPI as DBS completes exit

Posted on 12 November 2013

Singapore sovereign wealth fund GIC and Philippine conglomerate Ayala Corp have bought DBS Group Holdings’ remaining 9.9 percent stake in Bank of the Philippine Islands (BPI), the Singapore fund said on Tuesday.
GIC and Ayala paid 29.6 billion Philippine peso ($680.2 million) for the remaining stake. GIC will gain 5.6 percent of BPI through the transaction while Ayala will raise its stake in the Philippine bank to 48.3 percent from 44.0 percent, the Singapore sovereign fund said……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 14616 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031