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GIC affiliate, ADIA unit buy minority stake in US$9b pharma company

Fri, Apr 28, 2017 - 5:50 AM

Chai Hung Yinchaihyn@sph.com.sg@ChaiHungYinBT

Singapore

AN affiliate of Singapore's sovereign wealth fund GIC and a subsidiary of the Abu Dhabi Investment Authority (ADIA) have bought a minority stake in Pharmaceutical Product Development (PPD), valuing the pharmaceutical company at US$9.05 billion.

The stake in the United...

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