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GIC joins Blackstone-led group that's buying US$11b stake in Thomson Reuters unit

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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.

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