Singapore's GIC acquires nine Carrefour assets in Brazil for $241m

Singapore's GIC acquires nine Carrefour assets in Brazil for $241m

FILE PHOTO: A signage of Singapore's sovereign wealth fund GIC is pictured at their office in Singapore July 13, 2023. REUTERS/Edgar Su/File Photo

Singapore’s state investor GIC announced that it has partnered with Barzel Properties to acquire nine Carrefour assets in Brazil for 1.2 billion Brazilian real (about $241 million).

Edited by: Joymitra Rai