Singapore: GIC completes stake buy in Philippines' EDC, picks 9% in Sweden's Verisure

Singapore: GIC completes stake buy in Philippines' EDC, picks 9% in Sweden's Verisure

Photo: Bloomberg

A consortium backed by Singapore’s GIC has completed the acquisition of up to 31.7 per cent stake in the Philippines’ Energy Development Corporation (EDC). The sovereign wealth fund has also acquired a minority stake in Sweden’s home alarm systems provider Verisure Midholding AB.

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