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Company in the news
GIC considers selling stake in Emperador
Based on the brandy maker’s current market value, the stake is worth $950 million.
September 13, 2023
Company in the news
Consortium including GIC, Blackstone and Thomson Reuters plan GBP2.3 bil LSE share sale
The group plans to offload 28.3 million shares, according to a regulatory filing.
September 07, 2023
Singapore news
GIC weighs sale of Tokyo office tower for more than $2.7 bil
The process is still at an early stage, and GIC could ultimately decide not to go ahead with a sale.
September 05, 2023
Singapore news
Meet the man behind Singapore’s reserves
Ng Kok Song helped build the country’s savings. Now, he wants to be its guardian.
August 24, 2023
Tech
Carlyle, GIC skip Ant’s buyback after valuation slumps 70%
Temasek has said it’s seeking a better understanding of how Ant arrived at its repurchase valuation.
August 08, 2023
Singapore news
Singapore presidential race attracts one more ex-GIC veteran
“Singapore is very fortunate to have two of the best people I know running for President,” says hedge fund billionaire Ray Dalio.
July 19, 2023
Singapore news
Former GIC CIO Ng Kok Song considers running for upcoming presidential election
According to news reports, Ng will come to his final decision within a week.
July 15, 2023
Markets
GIC to increase exposure to US-focused funds, says FT
As at March 31, 2022, about 37% of GIC’s portfolio is in the US, three percentage points up from the 34% in the year before.
June 21, 2023
Company in the news
GIC invests in industrial gas maker, Messer, valuing it at over EUR12 bil
People with knowledge of the matter said GIC is paying around EUR2 billion for a less than 25% stake in Messer.
May 31, 2023
Company in the news
Blackstone, Thomson Reuters sell US$2.4 bil of LSEG Shares
Singaporean sovereign wealth fund GIC, a member of the Blackstone consortium, also sold its stake.
March 09, 2023