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Singapore's GIC selling Global Logistic shares for up to $1.3 bln-IFR
February 25, 2013 / 10:47 AM / 5 years ago

Singapore's GIC selling Global Logistic shares for up to $1.3 bln-IFR

HONG KONG, Feb 25 (Reuters) - The Government of Singapore Investment Corp is selling 595.7 million shares in Global Logistic Properties to raise up to S$1.6 billion (US$1.3 billion), Thomson Reuters publication IFR reported on Monday.

The price range is S$2.60-$2.66 per share, giving discounts of 2.6 percent-4.8 percent to Monday’s volume-weighted average price and 3.3 percent-5.5 percent to the closing price.

JP Morgan is sole bookrunner. (Reporting By Daniel Stanton and Fiona Lau at IFR; Editing by Greg Mahlich)

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