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Singapore Sovereign Wealth Fund to Buy Majority Stake in Resort Group Valued at $2.2 Billion
The Government of Singapore Investment Corporation has acquired a majority stake in Sani/Ikos Group, a luxury beach resort group in the Mediterranean, for an undisclosed amount. The transaction that is expected to close in the fourth quarter of 2022, subject to regulatory approval, values the Mediterranean-based luxury resort operator at $2.27 billion. U.S.-based Oaktree Capital…
Peden Doma Bhutia | 2 years ago