• Most Popular
  • Most Shared

Singapore buys $400 mln stake in energy infrastructure firm

Mon May 12, 2008 9:39pm EDT

SINGAPORE, May 13 (Reuters) - Government of Singapore Investment Corp (GIC) has bought an 11 percent stake in U.S.-based energy infrastructure firm AEI for $400 million, a spokeswoman for the Singapore sovereign fund said on Tuesday.

Stocks  |  Mergers & Acquisitions  |  Bonds  |  Global Markets  |  Private Capital  |  China

GIC Special Investments, the fund's private equity arm, purchased the shares from AEI and some of its shareholders, AEI said in a statement on its website www.aeienergy.com. A GIC nominee has been appointed to AEI's board.

AEI, a privately held firm, owns and runs energy infrastructure businesses in several emerging markets including China, Mexico and Argentina.

GIC is one of the world's largest sovereign wealth funds with assets estimated to be in excess of $300 billion. (Reporting by Kevin Lim; Editing by Jan Dahinten)

Stocks
Mergers & Acquisitions
Bonds
Global Markets
Private Capital
China


More from Reuters

Photo

New security restrictions could hurt airlines

NEW YORK (Reuters) - Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say.

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets