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Singapore’s SWF strikes two European deals

GIC plans to buy a French building and an aircraft leasing company

Singapore sovereign wealth fund is close to acquiring a significant minority stake in aircraft leasing company Nordic Aviation Capital, which is owned by European private equity firm EQT.

Financial details of the deal were not disclosed. EQT said it has invested more than $4.5bn in the business since acquiring a majority stake in 2015, according to an announcement.

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