SINGAPORE (Nov 30): Global Logistic Properties (GLP) says its proposed S$16 billion acquisition by Nesta Investment Holdings and subsequent privatisation has been approved on the back of “overwhelming shareholder support”.
Nesta Investment is a subsidiary of a management-backed Chinese consortium, including private equity firms Hillhouse Capital Management and Hopu Investment Management.
It was announced in July that GLP accepted the consortium’s...(click on link for full story on theedgesingapore.com)