Singapore's GLP Gets $11.6 Billion Offer

A Chinese-backed consortium made an offer for one of the world’s largest warehousing companies, Global Logistic Properties Ltd., in what would be the biggest deal ever recorded in Southeast Asia.

The deal will value the Singapore-listed firm at about 16 billion Singapore dollars (US$11.6 billion), excluding debt. It would top a 2008 telecommunications deal in Malaysia that was worth about US$7.9 billion, excluding debt, according to data provider Dealogic.

You may access the full article at the following link: http://webreprints.djreprints.com/4153031360594.pdf

More detail on the Proposed Privatization is available at the following link: http://ir.glprop.com/phoenix.zhtml?c=240724&p=irol-privatization

GLP Park Baoshan Yuepu, Shanghai, China