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Sovereign Wealth Funds Briefing - Categorized | Financials

GIC says it remains ‘substantial’ long-term shareholder in GLP

Posted on 26 February 2013

Government of Singapore Investment Corp. said its sale of a stake in Global Logistic Properties Ltd. (GLP) is part of its rebalancing of its holdings and that it remains a “substantial” long-term shareholder in the real estate company.
GIC, Singapore’s sovereign wealth fund that’s Global Logistic’s biggest shareholder, is raising S$1.5 billion ($1.2 billion) selling part of its stake in GLP, according to a term sheet obtained by Bloomberg News today………………………………………..Full Article: Source


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