Singapore sovereign wealth fund GIC has bought a 5 percent stake in IMS Health Holdings, a U.S.-listed technology firm servicing the healthcare sector, for an undisclosed amount, according to a regulatory filing. GIC Private Ltd bought common stock of IMS Health earlier this month, according to a Securities and Exchange Commission filing on Oct 23.TPG Capital owns about 48 percent of IMS Health, which has a market value of $8.7 billion, Thomson Reuters data shows.GIC is ranked the world's eighth-largest fund by Sovereign Wealth Fund Institute, with an estimated $320 billion worth of assets. The fund has the past few months taken a series of stakes in information technology companies in emerging and developed markets.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.5% or $0.18/share to $36.13. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 753312 shares of TRI exchange hands on a given day and today's volume is recorded at 965610.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.35% or $0.14/share to $40.61. In the past year, the shares have traded as low as $36.79 and as high as $42.10. On average, 723373 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 660092.
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