Sun, Apr 20, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Chinese group spends $2.5 bln to buy into Singapore’s GLP

Posted on 19 February 2014

A group of Chinese investors has made a bet on the nation’s growing demand for warehouses with a $2.51 billion investment in Singapore’s Global Logistic Properties. GLP is 37% owned by Singapore sovereign-wealth fund GIC Pte. Ltd.
The group, which includes Bank of China Group Investment and private-equity firm Hopu Funds, will invest $2.35 billion in GLP China, giving it a 34% stake in the mainland unit of GLP, and $163 million in the Singapore-listed unit. Another member of the group is a large Chinese insurer, whose identity wasn’t disclosed………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930