Global Logistic Properties (GLP) has completed the syndication of its 45% stake in GLP US Income Partners I that will see the former's interest in the latter reduced to 10%.
Following the completed transaction on Monday, the fund and its portfolio of companies have ceased to be subsidiaries of GLP.
On May 28, GLP announced that its subsidiary, New GLP Holdings LLC had entered into agreements with other unrelated third party co-investors for the syndication at an aggregate cash consideration of US$1.47 billion ($2.05 billion).
Shares of GLP ended higher at $2.37 yesterday.
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Following the completed transaction on Monday, the fund and its portfolio of companies have ceased to be subsidiaries of GLP.
On May 28, GLP announced that its subsidiary, New GLP Holdings LLC had entered into agreements with other unrelated third party co-investors for the syndication at an aggregate cash consideration of US$1.47 billion ($2.05 billion).
Shares of GLP ended higher at $2.37 yesterday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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