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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Tough for GIC to fund Fortis bid for Parkway

Posted on 01 June 2010

From Thestar.com.my: It will be difficult for India’s Fortis Healthcare Ltd to secure the support of Government of Singapore Investment Corp Pte Ltd (GIC) to make a counter bid for Parkway Holdings Ltd as the sovereign fund’s mandate is strictly to invest in companies outside the republic, sources said.
GIC declined comment on this issue. News reports in the Indian media stated that Fortis has secured the “tacit support of GIC” to make a counter-offer for Parkway……………………………………….Full Article: Source

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