These two groups race to buy GLP

This could be the largest Asian buyout by private equity groups.

The fight to acquire Global Logistic Properties is now down to a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus.

According to Reuters, an acquisition offers a chance for bidders to grab control of Asia's biggest warehouse operator which counts Amazon among its clients and is benefiting from rising demand for modern logistics facilities, driven by a boom in e-commerce business.

At current valuations, a successful transaction will rank as the largest Asian buyout by private equity groups, which are increasingly targeting bigger takeovers after raising record funds, according to Thomson Reuters data.

Read more here.

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