GIC Invests in Hyundai Card

General Electric (GE) agreed to sell a 43% ownership stake in South Korean credit card firm Hyundai Card Co Ltd to an investor group. The investor group consists of Singapore’s GIC Private Limited, AlpInvest Partners B.V., Affinity Equity Partners and Hyundai Commercial Inc., an affiliate of Hyundai Motor Company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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