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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

GIC unit aims to raise $1 bln in IPO

Posted on 08 June 2010

From WSJ: Government of Singapore Investment Corp.’s real-estate unit, GIC Real Estate, is looking to raise a minimum US$1 billion from an initial public offering in Singapore of some of its overseas assets this year, a person familiar with the situation said.
“They are targeting at least US$1 billion, and it could be more. But it will depend on the market conditions at the time. If it happens, it will be later this year,” the person said…………………………………………Full Article: Source

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