Singapore's GIC to take 20% stake in NZ online auction firm Trade Me

Singapore's GIC to take 20% stake in NZ online auction firm Trade Me

Trade Me staff photo from social media page.

Singapore’s sovereign wealth fund GIC is reportedly joining UK private equity firm Apax Partners as a junior partner in the NZ$2.56 billion ($1.76 billion) takeover bid for New Zealand’s biggest online marketplace Trade Me.

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