ADVFN - Advanced Financial Network.
HOME» NYSE » C » GIC Stock Price » GIC Stock News

Capital Protected No Share News

 Capital Protected No Stock Price
GIC Stock Price
 Capital Protected No Stock Chart
GIC Stock Chart
 Capital Protected No Stock News
GIC Stock News
 Capital Protected No Company Information
GIC Company Information
 Capital Protected No Stock Trades
GIC Stock Trades

Singapore's GIC Cuts Citigroup Stake To Below 5%

SINGAPORE -(Dow Jones)- Government of Singapore Investment Corp. Tuesday said that it has reduced its stake in Citigroup Inc. (C) to below 5% from over 9%. "On 11 September 2009, GIC exchanged its US$6.88 billion holdings of convertible preferred stock for Citigroup common stock, together with the US Government and other private investors. The conversion price was US$3.25 per share. This exchange resulted in GIC having a shareholding stake exceeding 9% in Citigroup," GIC said. It said following the exchange, the sovereign wealth fund reduced its stake through open market sales. "This was the level GIC had intended when it invested in Citigroup through the convertible security. A stake below 5% reflects GIC's goals and desire to be a portfolio investor," the statement said. It said that GIC will continue its investment in Citigroup as it was confident of its long-term prospects. The statement, however, didn't give the financial details of the sale. -By P.R. Venkat, Dow Jones Newswires; +65 64154 152; venkat.pr@dowjones.com

Stock News for Capital Protected No (GIC)
DateTimeHeadline
12/15/201423:44:18Dalian Wanda Commercial Properties Raises $3.7 Billion in IPO...
12/09/201417:07:12Singapore Acquisitions Hit a Record High
12/02/201418:24:04Singapore's GIC Fund Wagers on U.S. Property
12/02/201401:11:31Blackstone to Sell IndCor to GIC Venture for $8.1 Billion...
12/01/201419:03:29Jet Lessor Avolon Launches $1.8 Billion IPO
12/01/201418:11:10Blackstone Reaches Agreement to Sell IndCorp to Asian Venture...
12/01/201406:47:51Jet Lessor Avolon Holdings Launches $1.8 Billion IPO
11/20/201406:26:16CGN Power Secures IPO Cornerstone Investors -- Update
11/20/201403:40:15CGN Power Secures IPO Cornerstone Investors
10/14/201414:26:11CICC Chief Levin Zhu Steps Down; IPO Delayed
10/14/201405:21:25China International Capital CEO Levin Zhu Resigns
10/14/201402:10:25CICC CEO Levin Zhu Resigns
08/22/201412:00:09Avolon Pursues IPO as Sale Talks Continue
07/14/201401:30:20China's CICC Prepares for Hong Kong Listing
01/16/201414:30:42Time Warner Sells Manhattan Office Space for $1.3 Billion
01/16/201414:15:08Time Warner Sells Manhattan Office Space to Related for $1.3...
10/22/201309:00:50Goldman Sachs to Sell Majority of European Insurance Unit
10/22/201308:48:17Goldman Sachs Agrees to Sell Majority of European Insurance Unit
09/06/201316:29:09Singapore's GIC, Blackstone May Buy Stakes of About 30% Each...
06/18/201301:40:06EQT, GIC to Sell Springer Science to BC Partners

Capital Protected No and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad