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GIC invests US$42m in Brazil mall
Published Tue, Jul 14, 2015 · 09:50 PM
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Singapore
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 located in Rio de Janeiro's exclusive Barra da Tijuca area, according to its statement.
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