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GLP halts trading pending announcement

Mowry, San Francisco Bay Area, CA.jpg
Global Logistic Properties has halted the trading of its stock pending an announcement.

GLOBAL Logistic Properties has halted the trading of its stock pending an announcement.

The developer of high-end warehouses is currently assessing a number of firm bids for its business as part of a strategic review that was requested by major shareholder GIC.

The leading bidders are believed to be a Chinese consortium backed by the company's management and a group led by Warburg Pincus.

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