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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

CIC Said Bidding for $6 Bil Warehouse Developer GLP

Posted on 03 November 2016

Global Logistic Properties Ltd., the $6 billion owner of industrial property, has attracted takeover interest from an investor group that includes China’s sovereign fund, people with knowledge of the matter said.
China Investment Corp., Hopu Investment Management and Hillhouse Capital Management have held talks about making a joint offer for Singapore-based GLP, according to the people. The suitors have reached out to potential partners to weigh their interest in joining the consortium, one of the people said, asking not to be identified because the information is private…………………………………….Full Article: Source


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