GE in Discussions With Four Asian Sovereign Wealth Funds
Posted on 11/22/2008
General Electric (GE) which has suffered a 61% drop in market value this year is seeking funding from sovereign wealth funds. GE has reached out to the China Investment Corporation, Government of Singapore Investment Corporation and at least two other sovereign wealth funds. General Electric CEO Jeffrey Immelt reduced his profit targets two times and […]
- China
- China Investment Corporation
- Deals
- General Electric
- GIC
- SAFE Investment Company
- Singapore
- Temasek Holdings
