March 02, 2015 12:50 AM ET

Capital Markets

Company Overview of GIC Pte. Ltd.

Company Overview

GIC Pte. Ltd., formerly known as Government of Singapore Investment Corporation Pte Ltd., is a sovereign wealth fund of the Government of Singapore. The firm manages foreign exchange reserves of the Government of Singapore. It invests in the public and private equity with a focus on health care, financial and business services as well as natural resources, real estate, fixed income, and alternative markets including foreign exchange, commodity, and money markets across the globe. The firm invests through its subsidiaries GIC Asset Management Pte Ltd., GIC Real Estate Pte Ltd., and GIC Special Investments Pte Ltd. Government of Singapore Investment Corporation was founded in 1981 and is based...

168 Robinson Road

Suite 37-01

Capital Tower

Singapore,  068912

Singapore

Founded in 1981

Phone:

65 6889 8888

Fax:

65 6889 8722

Key Executives for GIC Pte. Ltd.

Group President and Chairman
Age: 67
President of Europe and Global Head of Direct Investments Group
Chief Risk Officer
Age: 52
Director of Investment Operations
Director of Internal Audit
Compensation as of Fiscal Year 2014.

GIC Pte. Ltd. Key Developments

Cheung Kong Withdraws From Fortum's Grid Bid

Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) has pulled out of the bidding for Fortum Oyj (HLSE:FUM1V)'s grid in Sweden after the price rose too high. According to Bloomberg, a consortium made up of The Goldman Sachs Group, Inc. (NYSE:GS), 3i Group plc (LSE:III) and Abu Dhabi Investment Authority as well as GIC Pte. Ltd. and a group led by Borealis AG are still bidding. Macquarie Group Limited (ASX:MQG) pulled out of the bidding process earlier in February 2015. Final offers are due in early March 2015. Bloomberg's sources say that the price could rise to more than €6 billion.

EDF Part Of Bidding Group For Stake In Eurostar

EDF (EDF.PA) is part of a consortium led by GIC Pte. Ltd. looking to buy a 40% stake in Eurostar International Ltd. which the British government has put up for sale, the Les Echos newspaper reported. At least five non-binding offers had been shortlisted for the stake in the service, with a deadline of February 23, 2015 to submit firm offers. The candidates still in the running include a consortium put together by 3i Group plc (LSE:III) and Predica Prevoyance Dialogue du Credit Agricole S.A. as well as an alliance between Caisse de dépôt et placement du Québec and Universities Superannuation Scheme Limited. The Netherlands rail business had however dropped from the race. SNCF International SA, which owns 55% of Eurostar and the Belgian government, which holds 5% stake have decided not to bid.

GIC and Vatika Group Mulls Investment

GIC Pte. Ltd. along with Vatika Limited is seeking investment. GIC Pte. Ltd. is in talks with Vatika Group to form an exclusive alliance to invest in residential and commercial properties in north India. GIC is looking to infuse around $150 million in this platform in addition to its recent investments in two residential projects of Vatika Group in Gurgaon, said two persons familiar with the development. Email queries sent to both GIC and Vatika Group remained unanswered till the time of going to press.

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