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Sovereign Wealth Funds Briefing - Categorized | Financials

Singapore GIC cuts stake in Bunge to 1.73 pct-filing

Posted on 14 February 2014

Singapore sovereign wealth fund GIC has cut its stake in commodities trader Bunge Ltd to 1.73 percent from 4.99 percent a year earlier, according to a U.S. regulatory filing. GIC, which had built up its stake in Bunge close to 5 percent in 2012, cut its holding after Bunge’s share price jumped about 13 percent in 2013.
GIC said in a filing on Thursday it owned 1.73 percent of Bunge shares, versus 4.99 percent as of Feb. 6, 2013, according to a Securities and Exchange Commission filing seen by Reuters………………………………………..Full Article: Source


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