24 Mar '14, 4pm

Singapore invests $63M in fuel cell company Intelligent Energy

Singapore invests $63M in fuel cell company Intelligent Energy 24 March 2014 GIC, Singapore’s sovereign wealth fund, has invested approximately $63 million in UK-based fuel-cell manufacturer Intelligent Energy Holdings plc. The investment takes the form of a new issue of 15,129,468 Ordinary Shares to GIC, representing 10% of the company’s enlarged issued ordinary share capital immediately following the placing of shares to GIC, at a subscription price of £2.50 per Ordinary Share. GIC manages Singapore’s foreign reserves. It aims to achieve good long-term returns above global inflation over a 20-year investment horizon. It is one of the largest investment management organizations in the world, investing well over US$100 billion in a diverse range of assets—from equities to fixed income, to real estate to private equity—across more than 40 countries. GIC sees long-term value...

Full article: http://www.greencarcongress.com/2014/03/20140324-gic.html

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