| Singapore's sovereign wealth fund GIC bought a 6.5 per cent stake in Spanish industrial testing firm Applus when it went public earlier this month, according to a regulatory filing, as the country's economic turnaround draws more foreign investors.
GIC bought the shares, worth about 127 million euros (S$217.5 million) at current market prices, the filing showed. Applus raised about 1.1 billion euros - 300 million euros of which were new shares - as Spain's market for initial public offerings (IPOs) reawakens after a three-year drought in the economic slump and banking crisis.........................................Full Article: Source
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