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Warehouse Giant GLP picks Chinese bidder for final deal talks

Singapore Business Review

The deal is dubbed as Asia’s biggest buyout.

Bloomberg Technology reported that Global Logistic Properties Ltd., the Singapore-based warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final deal talks.

Bloomberg said the investor group, fronted by GLP Chief Executive Officer Ming Mei, edged out a rival consortium led by Warburg Pincus. The Chinese consortium, which includes private equity firms Hillhouse Capital Management and Hopu Investment Management, will now negotiate definitive terms of the transaction.

Read more here.



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