Clock Ticks on Possible GLP Buyout Deal
Singapore-based Global Logistics Properties Ltd. (GLP), the US$ 9.6 billion listed warehouse developer, had started a bidding process at the start of 2017 being initiated by its largest shareholder. As of June 2017, Singapore’s GIC Private Limited remains the largest shareholder in GLP with a beneficial interest of 36.93%, commanding 1,730,706,817 company shares. GIC holds the shares through various units, mainly Recosia China Pte Ltd and Reco Benefit Private Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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