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CLI to take initial 40% stake in SC Capital Partners for $280m
The Straits Times
|November 21, 2024
CapitaLand Investment (CLI) announced on Nov 20 that it would acquire a 40 per cent interest in SC Capital Partners Group (SCCP) for $280 million, while also investing a minimum of $524 million in the company.
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CLI will acquire the remaining 60 per cent stake in SCCP in phases over the next five years, it said.
Till then, SCCP will continue to operate independently, while CLI participates at the board level in investment strategies that require the use of strategic capital.
CLI's 40 per cent initial stake acquisition in SCCP, a Singapore-based real estate investment manager, will increase its funds under management (FUM) by $11 billion to a combined $113 billion.
Denne historien er fra November 21, 2024-utgaven av The Straits Times.
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