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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore’s sovereign wealth fund invests in Metro Pacific’s hospital business

Posted on 16 May 2014

Metro Pacific Investments Corp (MPIC) has taken in Singapore’s sovereign wealth fund as partner for the expansion of the Philippine company’s hospital business. In a disclosure to the Philippine Stock Exchange, the local arm of Hong Kong-based First Pacific Co Ltd said it entered into a definitive partnership agreement with GIC.
Under the agreement, GIC, through its affiliates, will pour in P3.7 billion to take a 14.4 percent stake in Neptune Stroika Holdings Inc (NSHI), the holding company for MPIC’s hospital investments………………………………………..Full Article: Source


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