The Government of Singapore Investment Corporation (GIC) has acquired a 5% stake in multinational grain producer Bunge, the company said. In a filing with the U.S. Securities and Exchange Commission (SEC), Bunge said the city-state's sovereign wealth fund had acquired 7.31 million of its shares.
The filing did not give a value for the acquisition but Dow Jones Newswires said it was worth $495.5 million, based on the closing price of Bunge shares in New York on Thursday...............................................Full Article: Source
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