GLP receives 'firm proposals' from shortlisted bidders
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Singapore
GLOBAL Logistic Properties Ltd said on Monday that it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had been narrowed to a management-backed Chinese consortium and a group led by Warburg Pincus.
The US$10 billion-valued firm is Asia's biggest warehouse operator, with clients including Amazon.com Inc and JD.com Inc, and is benefiting from rising demand for modern logistics facilities driven by a boom in e-commerce.
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