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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

GIC’s logistics unit seeks to raise $2.95 bln in IPO

Posted on 28 September 2010

From Reuters: Singapore sovereign wealth fund GIC’s logistics unit is seeking to raise as much as S$3.9 billion ($2.95 billion) in an initial public offering, making it the city-state’s second-biggest IPO ever.
Global Logistic Properties (GLP), which owns industrial and logistic properties in China and Japan, will be the first listing of a firm majority-owned by the Government of Singapore Investment Corp, the world’s fourth-biggest sovereign fund……………………………………….Full Article: Source


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