News / GIC acquires minority stake in U.S. transmission company

GIC acquires minority stake in U.S. transmission company

🕔 April 28, 2016
E.on closes sale of Uniper stake for EUR 3.8bn

Fortis has reached a definitive agreement with GIC Private Limited (GIC), Singapore’s sovereign wealth fund, to acquire a 19.9% equity interest in ITC Holdings Corp. for aggregate consideration of US$1.228 billion in cash upon the closing of the acquisition.

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