Economy

GIC invests $326 million in Arctic Green Energy

BENGALURU (REUTERS) – Singapore sovereign wealth fund GIC will invest US$240 million (S$326 million) in Arctic Green Energy to support the renewable energy firm’s expansion in Asia and Europe, the companies said on Monday (July 27). Arctic Green Energy focuses on the decarbonisation of the building sector and has a geothermal partnership with China’s state-owned […]

Economy

GIC partners Chinese asset manager for Philips' home appliances bid: Sources

LONDON (REUTERS) – Singapore’s sovereign wealth fund GIC has teamed up with Chinese asset manager CDH Investments to submit a joint offer for the US$3.6 billion (S$4.8 billion) home appliance business of Philips, two sources told Reuters. The duo is facing competition from Asia-focused private equity firm Hillhouse Capital and a consortium of Citic Capital, […]