GLP, which has a market capitalization of $7.5 billion, confirmed Thursday it’s interested in selling itself off as one option. The potential sale was spurred by a strategic review of the company’s options by its largest shareholder, the Singapore sovereign-wealth fund GIC Pte.
GLP plans to seek interest from several parties by early February, although the company told shareholders there is no guarantee of a transaction and didn’t identify interested parties.
The sale would shift control of $40 billion worth of properties located in prime distribution markets — many of which are located in the U.S. and China, reports WSJ.
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