Fri, Dec 19, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC offers US$1.5 bln for resorts

Posted on 17 February 2011

From Todayonline.com: The Government of Singapore Investment Corp, which has a stake in Hyatt Hotels, has offered to pay US$1.5 billion (S$1.9 billion) for a group of bankrupt resorts owned by investors including the hedge fund Paulson and Co.
GIC seeks to buy five resorts, one of GIC’s lawyers, Mr Michael Sage of Dechert LLP, said, after unveiling the offer at a bankruptcy court hearing yesterday in New York……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031