11.03.2013 - GIC close to purchasing stake in Brazilís BR Towers
Government of Singapore Investment Corp (GIC), manager of more than US$100 billion (RM310.5 billion) of the cityís reserves, is close to a deal to buy a 20% stake in BR Towers SA, the Brazilian operator of cellular towers, two people with direct knowledge of the transaction said. Singaporeís sovereign wealth fund is making the investment to profit from Brazilís increased spending on infrastructure, according to one of the people. GICís Twickenham Investment Pte Ltd unit is handling the acquisition, the person said...............................................Full Article: Source
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