GIC exits Beijing airport to NWS Holdings
GIC Private has exited its 8.84% stake in Beijing Capital International Airport (BCIA)to NWS Holdings, an Chinese infrastructure conglomerate controlled by Hong Kong billionaire Cheng Yu-Tung, for about HK$2.36 billion ($304 million).
The purchase of 383 million H shares at HK$6.15 apiece will give NWS a 20.38% stake in the state-owned airport operator making it the second largest shareholder, according to a regulatory filing. BCIA...
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