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GLP To Buy Airport City Development Stake In Cash, Share Deal – Sources

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According to the Wall Street Journal, “Global Logistic Properties Ltd. (MC0.SG), a unit of Singapore’s sovereign wealth fund Government of Singapore Investment Corp. or GIC, is in talks to acquire a majority stake in China’s Airport City Development, Co. Ltd., people familiar with the situation said Tuesday. Airport City Development, which is 40%-owned by Beijing Capital International Airport (0694.HK), is the sole developer of air side cargo handling and bonded warehouse logistic facilities for Beijing Capital International airport.

“A deal is likely to be signed soon and an announcement could come within this week,” one of the person said.

Details of the transaction weren’t immediately available, but another person said that the acquisition could be through a combination of cash and shares. Of the cash component, GLP may pay around S$300 million for the stake.”

Read more: The Wall Street Journal

Follow the Money – Episode 45

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This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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CalPERS Board Elects Priya Mathur as Board President

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The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

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Oman SGRF Contemplates $1 Billion Infrastructure Fund

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Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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