THE share cost of Global Logistic Properties surged more than 3 for each penny on Thursday taking after a Bloomberg report that Warburg Pincus is shaping a gathering to offer for the Singapore coordinations supplier.
As per the wire organization, Warburg Pincus has been talking with banks and potential offering accomplices around an offer for GLP, which has resources in China, Japan, the US and Brazil. GLP, which has a market estimation of about US$8.5 billion, is accounted for to have requested first-round offers by early February.
Shares of GLP rose as much as 4.8 percent on Thursday, hitting S$2.63 a share, the most astounding intraday level since June 2015. By 10:16am, they were exchanging around S$2.59, up 8 Singapore pennies, or 3.19 for every penny. More than 17 million shares changed hands. GLP drove the 'Main 20 Value' exchanged stocks on the Singapore Exchange.
Prior, GLP affirmed that it was in preparatory exchanges with different gatherings on a conceivable offer of the organization. In any case, it underscored that no conclusive exchange hosts been gone into with any gathering, and there was no confirmation that any exchange would emerge from the vital audit.
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