GIC buys majority stake in Sani/Ikos, valuing the Greek resort group at $2.2b

GIC buys majority stake in Sani/Ikos, valuing the Greek resort group at $2.2b

Singapore’s sovereign wealth fund GIC has entered into an agreement to purchase a majority stake in the Mediterranean luxury resort Sani/Ikos Group for €2.3 billion ($2.2 billion), per a corporate announcement.