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GLP chooses CEO-led China bidder for buyout: sources
Published Thu, Jul 13, 2017 · 09:50 PM
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Singapore
GLOBAL Logistic Properties Ltd, the Singapore warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final talks on a deal valuing the company at about US$10 billion, people with knowledge of the matter said.
The investor group, fronted by GLP chief executive officer Ming Mei, edged out a rival consortium led by Warburg Pincus, according to the people. The Chinese consortium, which includes private equity…
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