14 Jul 2017

Proposed acquisition of Global Logistics Properties Limited

Partners Lawrence Tan, Favian Tan and Associate Alina Tan are acting for GIC Private Limited (“GIC”), which is the single largest shareholder of Global Logistic Properties Limited (“GLP”), in the proposed acquisition of all the issued ordinary shares in the capital of GLP by Nesta Investment Holdings Limited by way of a scheme of arrangement ("Scheme") in accordance with Section 210 of the Companies Act, Chapter 50 of Singapore and the Singapore Code on Take-overs and Mergers. Based on the Scheme consideration of S$3.38 per GLP share, the Scheme values GLP at approximately S$16 billion. It is reported that the proposed takeover of GLP (if completed) will be the largest-ever private equity buyout of an Asian company.