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Report: Singapore wealth funds target minority stake in Turkish restaurant group

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Report: Singapore wealth funds target minority stake in Turkish restaurant group

Singaporean sovereign wealth funds Temasek Holdings (Pte.) Ltd. and GIC Pvt. Ltd. and investment firm Metric Capital Partners LLP (Unspecified Vehicle) are close to acquiring a minority stake in Dream International, a subsidiary of Turkish-owned Dogus Group that operates high-end restaurants, the Financial Times reported.

The purchase, including an equity investment of $200 million, would value Dream International at roughly $1.5 billion.

Temasek and Metric Capital declined to comment on the matter while GIC did not immediately respond to a request for comment, the Financial Times said.