Singapore’s GIC Invests Around $63 Million in Intelligent Energy
Singapore’s GIC Private Limited invested around US$ 63 million in Loughborough-based Intelligent Energy Holdings plc, an international power technology company. The Singaporean sovereign wealth fund will own a new issue of 15,129,468 ordinary shares, representing 10% of the company. Intelligent Energy develops fuel cell power systems for a number of markets such as consumer electronics, automotive and stationary power markets. Intelligent Energy is founded on Loughborough University research.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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