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Daily Debrief: What Happened Today

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GIC has signed an agreement to acquire a pan-European logistics real estate portfolio, Maximus, for around 950 million euros (S$1.44 billion) from funds managed by affiliates of alternative investment manager Apollo Global Management.

Stories you might have missed

GIC to buy European logistics portfolio for 950m euros

THIS is in line with GIC's strategy to scale up its wholly-owned P3 logistics platform, Singapore's sovereign wealth fund announced on Friday.


 

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ARA H-Trust obtains US$75m in loans to fund purchase of US hotels

THE facilities comprise a US$66 million term loan and a US$9 million revolving credit facility, ARA H-Trust said in a regulatory filing on Friday, without disclosing the identities of the lenders. 


Medtech firm AWAK Tech raises US$40m in round co-led by Vickers Venture

RENAL company AWAK Technologies has raised US$40 million in an oversubscribed financing round co-led by Vickers Venture Partners and an unnamed global medical products company.


SIA Engineering inks 10-year contract with France's Safran Aircraft Engines

TO support these services, SIA Engineering will set up a dedicated facility which will start operations in 2020, the engineering arm of Singapore Airlines said in a regulatory update on Friday.


SingPost's bankrupt US units sell assets

MAIL and logistics firm Singapore Post (SingPost) on Friday announced that its two beleaguered US e-commerce subsidiaries, Jagged Peak and TradeGlobal, have sold substantially all of their assets.


Indian tech startup xto10x expands to Singapore, hires ex-Carousell exec

XTO10X helps other startups scale up, through its software, knowledge and capabilities in areas such as operations, data science, human resources, finance and governance.


The STI today

Singapore shares boosted by mooted trade deal, STI up 0.6% on the week

THE Straits Times Index (STI) extended gains from Thursday to close the week at 3,214.05, breaching the 3,200 point resistance after a 19.38-point or 0.6 per cent jump.