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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC, Blackstone among investors interested in DLF’s rental arm stake

Posted on 23 June 2016

Global investors that have submitted expressions of interest for acquiring a stake in realty firm DLF Ltd’s rental arm include both sovereign wealth funds such as Government of Singapore Investment Corp. Pte Ltd (GIC), Abu Dhabi Investment Authority (ADIA) and Canada Pension Plan Investment Board (CPPIB), and private equity firm Blackstone Group Lp.
“The lowest bid received is at over $2 billion. This is the first phase of bidding, which will be followed by one more phase of bidding, post which the final buyer will be decided. The process will take another 2-3 months to close,” said a person directly familiar with the transaction, who did not wish to be named………………………………………..Full Article: Source


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