Singapore’s GIC buys stake in Mediterranean luxury resort operator Sani/Ikos for S$3.2 billion
Sani/Ikos is a luxury resort operator that owns and operates over 2,700 rooms in 10 unique resorts in Greece and Spain. Recently, the Singapore government investment company GIC acquired a majority stake in the Sani/Ikos Group, a luxury Mediterranean beach resort operator, in a transaction that valued the group at S$3.2 billion (approximately US$2.3 billion). […]