GIC said to become Yoma Bank’s second foreign shareholder

Singapore’s sovereign wealth fund, GIC Pvt Ltd (GIC), and Norway’s private equity firm, Norfund, have bought a substantial stake in Yoma Bank, led by tycoon Serge Pun. GIC and Norfund will be buying a 30 percent stake in Yoma Bank for K130 billion (US$89 million) in the latest round of funding, according to company sources. […]