GIC Buys Stake in Spanish Inspection Company Applus
Posted on 05/16/2014
Singapore’s sovereign wealth fund GIC Private Limited acquired a 6.5% stake in Applus. Spain-based Applus is an industrial testing firm that went public in May. The GIC acquired €127 million worth of shares according to filings. This is compared to Applus raising €1.1 billion in its Spanish initial public offering. Around 55% of shares sold […]
- Alternatives
- Applus
- Carlyle Group
- GIC Private Limited
- Government of Singapore Investment Corporation
- Private Equity
- Singapore
- Spain
