GIC to take majority stake in luxury Sani/Ikos resorts
Singaporean sovereign wealth group GIC has agreed to buy a majority stake in Mediterranean luxury resort operator Sani/Ikos Group in a buyout that values the company at €2.3bn, the biggest deal in the European hotel sector since the Covid-19 pandemic. A clutch of investors, including US-based asset manager Oaktree Capital, Goldman Sachs’ asset management unit … Read more