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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GIC’s investment in Linx shows confidence in Brazil’s economy

Posted on 13 March 2014

GIC Pte, Singapore’s sovereign wealth fund, is buying stakes in Brazilian companies in a sign of confidence the world’s second-largest emerging market will overcome slower growth.
GIC bought 5.02 percent of communications technology provider Linx SA (LINX3), according to a March 10 filing by Linx. This month, it increased its stake in Sao Paulo-based food processor BRF SA (BRFS3) and in October agreed to invest in water and sewage treatment company Aegea Saneamento e Participacoes SA………………………………………..Full Article: Source


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