GIC raises stake in German conglomerate Thyssenkrupp
Add BT as a preferred source[FRANKFURT] Singapore's sovereign wealth fund GIC Pte Ltd has increased its stake in ailing German conglomerate Thyssenkrupp, a regulatory filing showed on Friday.
The investor, as of Sept 6, held 5.3 per cent in the group, up from 3.5 per cent previously, the filing showed. Thyssenkrupp shares have climbed 40 per cent since mid-August, boosted by hopes for a sale of its prized elevator division.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
