Singapore GIC invests $549m in US energy firm

Posted by on May 13th, 2008 at 05:20pm

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Singapore GIC invests $549m in US energy firm    THE Government of Singapore Investment Corporation (GIC) has bought an 11 per cent stake in United States-based energy infrastructure firm AEI for US$400 million (S$549.2 million). The investment followed a recent foray into the lucrative sector by another Singapore investment company, Temasek Holdings, and came as oil traded at unprecedented prices. GIC said yesterday it met AEI late last year when the American firm was seeking to raise capi

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