In a statement released in the United States, XPO said the deal will be carried out through the sale of newly issued common stock and preferred stock to the investors, who will hold about 22% of XPO after conversion. Greenwich, Connecticut-based XPO, a provider of freight transportation services, has a market value of US$1.8 billion.
GIC itself is investing US$250 million and will have a 7.5% stake, a person familiarwith the matter said. In the statement, Lim Kee Chong, GIC’s deputy group chief investment officer, described XPO as set to become “one of the long-term winners in the industry”.
PSP Investments is one of Canada’s largest pension investment managers and Ontario Teachers’ Pension Plan is the largest single-profession plan in Canada.
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
0 comments:
Post a Comment