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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

ADIA Seeks to Sell KIC Headquarters

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The Abu Dhabi Investment Authority (ADIA) is seeking to sell the building that houses the headquarters of the Korea Investment Corporation (KIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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BMO and OTPP Test Blockchain Canadian Dollar Debt Deal

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The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Just Group Acquires Corinthian Pension Consulting

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Just Group plc acquired a 75% ownership stake in the holding company of Corinthian Pension Consulting Limited (Corinthian Pension Consulting). Operating in the institutional world for over 12 years, Corinthian Pension Consulting provides advisory services to defined-benefit pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The remaining 25% will be retained by current shareholders of Corinthian Pension Consulting. Robert MacGregor will continue to lead Corinthian Pension Consulting, as its Chief Executive Officer. Furthermore, Corinthian Benefits Consulting Limited and Corinthian Affinity Solutions Limited will continue to operate as before, becoming part of a newly formed holding company, Corinthian Group Holdings Limited.

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