GIC
Finance · Singapore · 2,100 Employees
Founded in 1981, GIC is a sovereign wealth fund. This company manages Singapore's foreign reserves. They work to secure the country's financial future by investing across a range of asset classes in both the public & private markets. GIC is headquartered in Singapore.Read More
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Dec 22, 2021
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Weekly Digest: BLF picks managers for equity mandate; GIC buys stake in European hotel chain
Taiwan's BLF shortlists six managers for local equity mandate; GIC purchases stake in European hotel chain; China's state-run basic pension fund posts 2022 results; Japan's GPIF posts loss in September-ended quarter; and more.GIC expands European hospitality holdings with HIP acquisition, sells stake in Australian mall
Singapore's GIC revealed its acquisition of a 35% stake in Hotel Investment Partners (HIP) from Blackstone, bolstering its European hospitality portfolio by 72 luxury hotels. GIC is strategically poised to capitalize on the post-pandemic surge in international tourism. Concurrently, GIC divested its 49% stake in Chatswood Chase Sydney back to Australian retail property group Vicinity.GIC Buys into Blackstone European Hotels, Sells Aussie Mall Stake - Mingtiandi
GIC has acquired a 35% stake in Blackstone's Hotel Investment Partners and sold its half-share in a Sydney mall to Vicinity CentresH2 Green Steel raises €1.5 billion in equity to build the world’s first green steel plant
In the largest private placement in Europe this year, H2 Green Steel has raised about €1.5 billion in equity from an investor group led by Altor, GIC, Hy24 and Just Climate. The round will finance the world’s first large-scale green steel plant and Europe’s first giga-scale electrolyzer. The private placement is co-led by new investor Hy24, together with existing investors Altor, GIC and Just Climate. The transaction also includes new investors Andra AP - fonden and Temasek
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Founded in 1981, GIC is a sovereign wealth fund. This company manages Singapore's foreign reserves. They work to secure the country's financial future by investing across a range of asset classes in both the public & private markets. GIC is headquartered in Singapore.... Read More