Company Overview of GIC Pte. Ltd.
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 unlisted 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 seeks to invest in the technology sector in China. The firm invests through its subsidiaries GIC Asset Management Pte Ltd., GIC Real Estate Pte Ltd., and GIC Special Investments Pte Ltd. Government...
168 Robinson Road
Founded in 1981
Key Executives for GIC Pte. Ltd.
Group President and Chairman
President of Europe and Global Head of Direct Investments Group
Group Chief Investment Officer, Managing Director, and Group Executive Committee Co-Chair
Director of Investment Operations
Compensation as of Fiscal Year 2015.
GIC Pte. Ltd. Key Developments
Glencore Reportedly In Talks With Investors For Sale Of Agriculture Business
Oct 2 15
Glencore Plc (LSE:GLEN) is in talks with COFCO Corporation, along with Canadian pension funds, for the sale of a stake in its agricultural commodities business, sources familiar with the matter told Reuters. One of the potential buyers of a minority stake in the unit is thought to be GIC Pte. Ltd. Glencore is also believed to be speaking with potential investors from the Middle East. The sale is being managed for Glencore by Citigroup and Credit Suisse. Glencore is also in talks to sell its metals by-products business in South America. Others involved in preliminary negotiations include Japanese trading houses such as Mitsui & Co. Ltd. (TSE:8031) and at least one Canadian pension fund, said the same sources, who asked not to be identified because the matter is confidential. Glencore declined to comment while COFCO was not immediately available to comment, Reuters reported.
Macerich Unveils Joint Ventures on Assets Valued At $5.4 Billion
Sep 30 15
Macerich reached agreement to form joint ventures to which Macerich will contribute interests in eight assets with expected cash proceeds to Macerich totaling $2.3 billion. GIC will have a 40% interest in five assets and Heitman will have a 49% interest in three assets. The transactions are subject to usual and customary closing conditions and are expected to close in phases starting in October 2015 and concluding in the first quarter of 2016.
O2 To Become Public Company Again After Merger With Three
Sep 21 15
Telefónica UK Limited is being lined up to become a public company again under plans by CK Hutchison Holdings Limited (SEHK:1), after it has completed its acquisition to create the UK's largest mobile telecoms group. An initial public offering of the combined 15 billion pounds business had been discussed with external investors, who have committed about £3 billion to fund the deal. Investors include the CPP Investment Board (USRE II) Inc. and GIC Pte. Ltd.
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