SINGAPORE: Singapore sovereign wealth fund GIC will inject 250 million euros (US$314.3mil) to acquire a strategic stake in Turkey’s leading commercial real estate developer Ronesans Gayrimenkul Yatirim (RGY), both firms said.
GIC will acquire “above 20% shareholding in RGY” by subscribing to a rights issue, allowing it to become a “substantial minority” investor and strategic partner.
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