<article><p style="text-align: justify;">GIC, Singapore&#8217;s sovereign wealth fund, is close to buying a 40 percent stake in Brazilian education firm Cruzeiro do Sul Educacional SA for approximately 500 million reais ($152 million), newspaper Valor Econômico said on Friday.</p></article>

<p style="text-align: justify;">GIC, Singapore&#8217;s sovereign wealth fund, is close to buying a 40 percent stake in Brazilian education firm Cruzeiro do Sul Educacional SA for approximately 500 million reais ($152 million), newspaper Valor Econômico said on Friday.</p>
<p style="text-align: justify;">GIC signed an agreement for exclusive talks on the potential purchase which could be announced in January, Valor said, citing unnamed sources with knowledge of the talks.</p>
<p style="text-align: justify;">GIC did not respond to an emailed request for comment. Cruzeiro do Sul declined to comment.</p>
<p style="text-align: justify;">São Paulo-based Cruzeiro do Sul, founded in 1965, is Brazil&#8217;s sixth largest private provider of education with about 160,000 students and 5,000 employees, according to its website. It made net profit of 81 million reais in 2015.</p>
<h4 style="text-align: justify;"><em>Reuters</em></h4>


GIC, Singapore's sovereign wealth fund, is close to buying a 40 percent stake in Brazilian education firm Cruzeiro do Sul Educacional SA for $152 million.

Singapore's GIC close to buying stake in Brazilian education firm

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Singapore's GIC close to buying stake in Brazilian education firm

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