GIC backs $2.5b investment in NYSE-listed FirstEnergy Corp

GIC backs $2.5b investment in NYSE-listed FirstEnergy Corp

Image from pixabay.

Electric utility FirstEnergy Corp, which is listed on the New York Stock Exchange (NYSE), has received a $2.5-billion equity investment from a group of fund managers that includes Singapore’s sovereign wealth fund GIC as well as Elliott Management Corp, the company announced in a press release.

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