XPO Logistics Raises $3.26 Billion in Debt and Equity

Greenwich-based XPO Logistics Inc is raising a total of US$ 3.26 billion in new debt and equity. Institutional investors are attracted to logistic companies. Singapore’s GIC Private Limited bought a huge stake in Indcor Properties from the Blackstone Group. Part of the massive capital raise will be used to fund XPO’s acquisitions, as the company’s purchase of France’s Lyon-based Norbert Dentressangle SA for US$ 3.53 billion in April 2015 is still pending. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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