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Sovereign Wealth Funds Briefing - Categorized | Performance

GIC may see lower return on BP stake

Posted on 15 June 2010

From Todayonline.com: The Government of Singapore Investment Corporation (GIC) may see a lower return on investment for its stake in BP, if the British oil giant goes ahead with a plan to suspend dividend payments due to the clean up of the oil spill in the Gulf of Mexico, said analysts.
BP’s management is expected to meet this week to deliberate its dividend policy, after the Deepwater Horizon oil-rig sank in the Gulf of Mexico on April 20 and caused the worst oil spill in US history………………………………………….Full Article: Source

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