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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Singapore’s GIC picks UBS, CICC, DBS to bookrun IPO

Posted on 05 August 2010

From Reuters: Singapore’s biggest sovereign wealth fund GIC has chosen UBS, China International Capital Corp (CICC) and Singapore’s DBS as joint bookrunners for its upcoming logistics unit IPO, two sources familiar with the deal said.
The initial public offering is likely to raise $2-$3 billion, much higher than earlier estimated, said the sources who declined to be named because the deal has not been made public yet……………………………………….Full Article: Source


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