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ETF News

Prologis to buy IPT for $3.99 bln

July 15 (Reuters) - Prologis Inc said on Monday it would buy Black Creek Group’s Industrial Property Trust Inc (IPT), a portfolio of U.S. industrial properties, in a deal valued at $3.99 billion in cash.

The deal is expected to close around late this year or early next year.

Reporting by Shanti S Nair in Bengaluru Editing by Sonya Hepinstall

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