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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

GIC may sell minority stake in logistics firm

Posted on 15 September 2010

From Todayonline.com: The Government of Singapore Investment Corporation (GIC) may sell just a minority stake in the listing of Global Logistic Properties (GLP) that is expected to raise a record US$3 billion ($4.01 billion).
According to a Reuters report yesterday that cited unnamed sources, GIC may offer shares of its logistics unit at 1.3 to 1.4 times book value in its initial public offering……………………………………….Full Article: Source


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