| Singapore sovereign wealth fund GIC has bought a stake in Brazilian online sports goods retailer Netshoes in a further diversification of its vast global portfolio. GIC said in a statement that it led a new round of investment in Netshoes of $170 million, along with other investors including Singapore state investment arm Temasek Holdings, Tiger Global Management, Iconiq Capital and Kaszek Ventures.
It did not give a breakdown of the investment in Netshoes, which has a network in sports-crazy Brazil, Argentina and Mexico...............................................Full Article: Source
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