GLP goes private and closes Singapore's largest M&A deal

It delisted from the SGX-ST on 22 January.

GLP Pte Ltd, formerly Global Logistic Properties Limited, converted to a private company after delisting from the Singapore Exchange Securities Trading Limited (SGX-ST) on 22 January 2018.

Singapore Business Review previously reported that Chinese consortium Nesta Investment Holdings bought the company for $16.4b, including net debt.

The group, which includes Hillhouse Capital Management and Hopu Investment Management, offered $3.38 a share.

The deal is Singapore's largest merger and acquisition (M&A) deal so far, boosting the country's M&A activity to $119.82b in 2017.

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