Updated Wednesday, May 14, 2008 0:00 am TWN, dpa

Singapore buys 11% stake in U.S.-based energy firm

SINGAPORE -- The Government of Singapore Investment Corp. (GIC), one of the world’s largest sovereign wealth funds, said Tuesday that it has purchased an 11 percent stake in the U.S.-based energy-infrastructure firm AEI for US$400 million.

The purchase was made through GIC’s private equity wing, GIC Special Investments. AEI owns and operates businesses in emerging markets worldwide, including China, Mexico and Argentina.

 

 

 

 

 

 

 

 

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