SUBSCRIBERS
GIC joins Blackstone-led group that's buying US$11b stake in Thomson Reuters unit
Published Wed, Jan 31, 2018 · 09:50 PM
Singapore
SINGAPORE sovereign wealth fund GIC has joined a Blackstone-led consortium that has taken a majority stake in the Financial and Risk (F&R) business of news group Thomson Reuters.
Under the partnership agreement, the Blackstone-led consortium will own 55 per cent of the equity in a new corporation created to hold the F&R business, in a stake valued at US$11 billion.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall