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GIC invests US$42m in Brazil mall

Wednesday, July 15, 2015 - 05:50


GIC, Singapore's sovereign wealth fund, on Tuesday said it would pay US$41.89 million for a minority stake in a shopping mall controlled by Brazil's Aliansce Shopping Centers SA.

Under the deal terms, GIC took a 35 per cent equity stake in Via Parque Shopping, a mall

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