APG, CPPIB join e-Shang in $500m Korea logistics venture
Canada Pension Plan Investment Board (CPPIB) and Dutch pension fund manager APG Asset Management will establish a logistics-focused joint venture in South Korea with e-Shang, a Chinese warehousing operator backed by Warburg Pincus.
According to a release, the venture will be funded initially by equity investments totaling $500 million, with an option to increase capitalization to $1 billion. Its aim is to buy and develop a portfolio...
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