Financial Times
12 Mar 2008
Adrian Michaels
Sovereign wealth finally arrived in Italy yesterday when the Singapore government agreed to invest about €1bn ($1.53bn) in the main investment vehicle of the Benetton family.
The Government of Singapore Investment Corporation (GIC) is the first of a small number of additional partners the family is seeking as part of a global expansion of its operations. The Benettons have already been joined by Goldman Sachs and Mediobanca, the Italian investment bank.
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