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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

GIC raises US$1.25bln by selling shares in Global Logistic Properties

Posted on 27 February 2013

The Government of Singapore Investment Corp (GIC) has raised US$1.25 billion by selling about 596 million shares in warehouse operator Global Logistic Properties (GLP).
GIC sold the shares at S$2.60 each, which is a 4.8 per cent discount to Monday’s closing price. Following the share sale, it now holds a 37 per cent stake in GLP, down from 49 per cent…………………………………..Full Article: Source


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