| Singapore GIC, one of the ten largest sovereign wealth funds in the world, manages more than US$100 billion in assets and has decided to invest a part of those assets in the Philippine market.
A report by Milbank, one of GIC’s financial advisers, reveals that the fund made an approximately US$77 million investment through its private equity arm in the form of an exchangeable loan in Century Canning Corp., parent company of Century Pacific Food (CNPF), one of the Philippine’s largest canned fish and meat dairy products. The investment is exchangeable for shares of CNPF that would give GIC a roughly 11% stake in the company...............................................Full Article: Source
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