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Warburg 'eyeing bigger Asia logistics IPO' amid bid for GLP
Sources say it is weighing a merger of GLP with its own logistics business E-Shang Redwood before public offer
Add BT as a preferred sourcePublished Thu, Mar 23, 2017 · 09:50 PM
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Singapore
WARBURG Pincus, one of several bidders pursuing Global Logistic Properties Ltd, is weighing a merger of the Singapore warehouse owner with its own logistics business E-Shang Redwood Ltd before a planned initial public offering, people with knowledge of the matter said.
The US buyout firm is bidding together with ESR, which is providing equity in the consortium, according to the people, who asked not to be identified because the talks are private.
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