GIC seeks to acquire Western firms' China units

ft.com —

Singapore's sovereign wealth fund GIC plans to acquire stakes in multinational companies' China units as they exit the country due to slowing growth and geopolitical tensions. GIC, with over $700 billion in assets, aims to invest alongside private equity firms. This strategy follows a slowdown in GIC's private investments in China, as reported last year.


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GIC seeks to acquire Western firms' China units | News Minimalist