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Sovereign Wealth Funds Briefing - Categorized | Investment

NWS to purchase Beijing Airport stake from GIC for $304 mln

Posted on 18 December 2013

NWS Holdings Ltd. agreed to buy an 8.8 percent stake in Beijing Capital International Airport Co. from GIC Pte, the Singapore sovereign wealth fund, for about HK$2.36 billion ($304 million).
The purchase of 383 million shares at HK$6.15 a share will give the services and transportation unit of Hong Kong’s New World Development Co. a holding of 20.4 percent of the airport operator’s Hong Kong-listed H shares, according to a Hong Kong stock exchange filing………………………………………..Full Article: Source


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