GIC completed a $200m investment in Sinopec Green.

Synopsis

GIC completed a $200m investment in Sinopec Green Energy Geothermal Development, a geothermal heating company. Sinopec Green Energy Geothermal Development is considering an initial public offering in mainland China or Hong Kong as soon as next year. It is currently valued at around $1bn.

Principals

target

Sinopec Green Energy Geothermal Development Co

bidder

Gic Private

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Market Context