15.09.2014 - GIC, others invest S$885m in XPO Logistics
Singapore's sovereign wealth fund GIC and two other investors will invest US$700 million (S$885.57 million) in US-listed XPO Logistics to help the transport company grow at a faster pace. XPO Logistics facilitates more than 31,000 deliveries a day as one of the fastest growing providers of transportation logistics services in North America, according to the firm's website. The firm operates out of 203 locations and has about 10,400 employees. The Public Sector Pension Investment Board, one of Canada's largest pension investment managers, and Ontario Teachers' Pension Plan are the other new investors in XPO Logistics...............................................Full Article: Source
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