Singapore's GIC invests $387m for 17% stake in Indonesia's Trans Retail, owned by CT Corp

Singapore's GIC invests $387m for 17% stake in Indonesia's Trans Retail, owned by CT Corp

GIC, the sovereign wealth fund of Singapore

Singapore sovereign wealth fund GIC has agreed to invest 5.2 trillion rupiah ($387 million) in Trans Retail, the retail arm of Indonesian conglomerate CT Corp, according to a statement by the companies.

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