SINGAPORE (Nov 2): Global Logistic Properties (GLP) says it is not in discussions with an investor group that includes China’s sovereign wealth fund, China Investment Corp (CIC). This is contrary to claims made in a noon Bloomberg article that the US$6 billion (S$8.3 billion) owner of industrial property had attracted takeover interest. According to “people with knowledge of the matter”, the article said an investor group comprising CIC, Hopu Investment Management and Hillhouse Capital Management have held talks about making a joint offer for GLP. Aside from denying being in takeover discussions with the investor group, GLP highlights it remains “committed to enhancing shareholder value and continues to review and assess potential opportunities”. As at 4pm, GLP is up 8.9% at S$1.95.

Source: The Edge Markets November 02, 2016 08:53 UTC