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Malaysia’s Sovereign Wealth
by Forbes Middle East Forbes Middle East - Business News
Dubai-based GEMS Education has begun 2018 by announcing that Malaysias sovereign wealth fund, Khazanah, has acquired a 3% stake in the firmwhich is the worlds largest operator of K-12 schools.
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Khazanah acquired the stake from the Varkey Group, which is the majority owner of GEMS and remains the largest shareholder in the company. In a press release from GEMS, Varkey Group said that it is committed to holding a majority controlling stake in GEMS, and the company will receive no proceeds from the sale. Beyond that, the terms of the transaction have not been disclosed.Related to Malaysia’s Sovereign Wealth
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About Forbes Middle East 
Forbes Middle East - Business News
103 connections, 0 recommendations, 247 honor points.Joined APSense since, December 7th, 2017, From Dubai, United Arab Emirates.
Created on Jan 3rd 2018 05:20. Viewed 499 times.
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