Sovereign wealth fund Government of Singapore Investment Corp ( GIC) has begun talks with India's GVK Group to buy a stake in one of its units that owns Australia's Hancock Coal, as per the reports on Wednesday (April 18, 2012), citing two people familiar with the development.
GVK is looking to sell down its stakes in the Alpha coal project and related port and rail assets in Australia to help fund the A$10 billion cost of the projects, its Australian chief told last month.
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GVK is looking to sell down its stakes in the Alpha coal project and related port and rail assets in Australia to help fund the A$10 billion cost of the projects, its Australian chief told last month.
....more info