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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singapore’s GIC ups stake in infrastructure holding

Posted on 22 June 2011

A unit of Singapore’s main wealth fund has raised its stake in the holding company which controls Italian toll road operator Atlantia, allowing it to boost its Atlantia ownership to 43.21 percent.
Infrastructure holding company Sintonia said in a statement on Tuesday a unit of the Government of Singapore Investment Corporation (GIC) had financed a 92.6 million euro capital increase which allowed Sintonia to buy a further 0.96 percent of Atlantia last month……………………………………….Full Article: Source


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