GIC buys 10% stake in MSC’s terminal operating unit
The Singapore sovereign wealth fund said it was attracted by TIL’s strong business alignment with its majority shareholder MSC and attractive growth potential from its pipeline of both existing and new terminals. As a long-term investor, GIC hopes to work with existing shareholders for future growth
Temasek Holdings, Singapore's other sovereign fund, fully owns local port operator PSA, while GIP. which is selling a 10% stake in TIL, has been a shareholder since 2013.
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