Deals
GIC’s Global Logistics to Buy China’s Airport City, WSJ Says
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Global Logistic Properties Ltd., a unit of Singapore’s investment fund, Government Investment Corp., is in talks to buy a controlling stake in China’s Airport City Development Co., the Wall Street Journal said, citing people familiar with the matter.
Airport City Development, in which Beijing Capital International Airport holds a 40 percent stake, is solely responsible for air-side cargo and warehouse facilities at Beijing Capital International Airport, the newspaper said.