GIC completed the acquisition of a 30% stake in CETIN Group from PPF Group.

GIC, a private equity firm, completed the acquisition of a 30% stake in CETIN Group, a telecommunications infrastructure provider, from PPF Group, a private equity firm. Financial terms were not disclosed. “When we entered the telecommunications sector almost eight years ago, we said that PPF wanted to offer state-of-the-art services to the European market. We are proud to partner with GIC, a major and respected international investor renowned for its unparalleled ability to identify value in stable assets capable of generating solid long-term returns,” Ladislav Bartoníček, PPF Group CEO.