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Showing results for WEX INC AS ASSIGNEE OF GIC LOGISTICS
...The deal signals increasing interest in logistics businesses and property companies as investors bet on the rise of online shopping....
...Mr Mei’s group received exclusive commitments for financing from both Singaporean and Chinese banks as well as from some members of his bidding group....
...As the June 30 deadline approaches for bids for Global Logistic Properties, among Asia’s most valuable private equity deals, almost all of the potential bidders are dropping out....
...He expands: “Perhaps it’s just Buffett taking advantage of their situation to crank as much yield as possible out of the credit line, and get half of his equity cost back with the interest on the line if...
...The company, which is 36 per cent controlled by Singapore’s investment company GIC, was also a market leader in terms of completed logistics space in China and Japan....
...Investment in European logistics and industrial assets started well this year, with total transaction volumes of more than €3bn in the first quarter....
...In June, Malaysia’s Employees Provident Fund entered into an agreement with Australian property firm Goodman Group to co-invest in logistics assets in Australia....
...Global Logistic Properties, Asia’s largest provider of modern logistics facilities, which is part of GIC, the Singapore sovereign wealth fund, won exclusive negotiating rights to buy a portfolio of logistics...
...The core of the offering is industrial property assets acquired by GIC’s real estate arm for $1.3bn in 2008 from ProLogis, the US logistics and distribution business....
...The IPO will raise S$3.9bn if the over-allotment option is exercised in full, as expected, giving the group a market capitalisation of S$8.8bn....
...Petronas, the state-owned oil and gas group, is on course to raise as much as US$4.8bn from an initial public offering of shares in its newly formed chemicals subsidiary, well over twice the initial market...
...As a result of the ProLogis deal GIC acquired ownership of just over 20m sq ft of Chinese commercial properties plus an interest in several joint ventures, a Chinese property fund and other assets including...
...The Government of Singapore Investment Corporation recently raised S$3.9bn ($3bn) for the sale of 49 per cent of its Global Logistics Properties subsidiary, and American International Group raised $17.8bn...
...The Government of Singapore Investment Corporation is in the process of raising S$3.9bn ($3bn) for the sale of 49 per cent of its Global Logistics Properties subsidiary, including an over-allotment option...
...As a result of the deal, GIC acquired ownership of just over 20m sq ft of Chinese commercial properties plus an interest in several joint ventures, a Chinese property fund and other assets including development...
...When overseas regulators simply lump Temasek, TLCs and GIC together as “Singapore Inc”, it constrains their ability to do deals in Asia....
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