Singapore’s GIC buys into Sani/Ikos, valuing resorts group at 2.3 bln euros

A GIC sign is pictured at their office in Singapore July 26, 2022. REUTERS/Anshuman Daga

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Sept 22 (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, has bought a majority stake in Sani/Ikos Group (SIG) in a deal that values the Mediterranean luxury resorts operator at 2.3 billion euro ($2.27 billion), both companies said in a joint statement on Thursday.

GIC is buying the stakefrom investors that include Oaktree Capital Management, Goldman Sachs Asset Management and UK-based Hermes GPE as part of the transaction that is expected