GIC’s acquisition spree continues with purchase of 5% stake in ratings firm Nielsen
It now owns over 18.78m Nielsen shares.
Singapore’s sovereign investor GIC has purchased a 5% stake in ratings firm Nielsen for an undisclosed amount.
A filing with the US Securities and Exchange commission dated February 4 showed that GIC now owns 18,788,010 common Nielsen shares, which translates to a 5% equity stake.
GIC has been aggressively investing in a number of firms in recent months, the most recent of which are IndCor Properties,Nirlon, Vatika, and Rajawali.