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GIC cuts Bunge holding to 1.73%
Friday 14 February 2014

14 February 2014 – Government of Singapore Investment Corporation Pte Ltd (GIC) said today it had slashed its stake in US agricultural commodities trading company Bunge Ltd (NYSE:BG) to 1.73% from almost 5% over the past year.

In a filing with the US Securities and Exchange Commission (SEC), the Singaporean sovereign wealth fund indicated that its holding in Bunge was 4.99% as of 6 February 2013.

Reuters said the investment firm was not immediately available when it tried to reach it for a comment about the reasons behind the reduction of its interest in Bunge. The news agency noted, however, that GIC reduced its stake in the US company in the wake of a 13% increase in the target's share price last year.
Date Published: 14/02/2014
Target: Bunge Ltd
Country: USA
Sector: Wholesale/Retail, Agriculture/Forestry
Type: Divestment
Status: Closed
Vendor: Government of Singapore Investment Corporation Pte Ltd (GIC)
Buyer: Unnamed buyers