GLP shareholders approve $11.5b PE-backed privatization
Shareholders have voted in favor of a S$15.9 billion ($11.5 billion) acquisition of Singapore-listed warehouse operator Global Logistic Properties (GLP) by a consortium that includes Hopu Investment and Hillhouse Capital.
The deal is one of Asia’s largest-ever private equity-backed transactions based on enterprise value. It comes during a year in which a handful of large-scale privatizations – including Toshiba Memory...
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