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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore’s GIC to maintain stake in Citigroup

Posted on 21 December 2009

From Btimes.com.my:The Government of Singapore Investment Corp (GIC) said yesterday that it will keep its stake in Citigroup in a vote of confidence for the US banking giant, whose shares tumbled this week.
The Singapore sovereign wealth fund said its holdings in Citigroup has been diluted to “approximately 4.0 per cent” from 4.9 per cent after the bank’s latest round of capital-raising to repay US$20 billion (US$1 = RM3.44) in federal aid…………………………………Full Article: Source


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