The Government of Singapore Investment Corp. is in talks with GVK Group about buying the Indian firm’s Singapore unit, which owns Australia’s Hancock Coal, the Financial Express newspaper reported Wednesday, citing two unnamed sources.
The unit, GVK Coal Developers Singapore, is valued at $2 billion, the newspaper cited one of the people as saying. Full story
Related:
GVK Power & Infrastructure clarifies on stake sale to GIC - Equity Bulls
Singapore GIC in talks to buy stake in GVK arm: paper - Reuters India
Singapore's GIC buying stakes in India, eyeing UK properties - Yahoo! News Singapore
