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Home / Capital / Brokers Calls

GLP’s US$1.1 bil acquisition gets the nod

Broker's Calls

GLP’s US$1.1 bil acquisition gets the nod

Gwyneth Yeo Published on Wed, Sep 14, 2016 / 12:19 PM GMT+8

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SINGAPORE (Sept 14): OCBC Investment Research is maintaining its “buy” call on Global Logistic Properties (GLP) with a target price of $2.37, after the modern warehouse provider announced it was acquiring a US-based logistics portfolio for US$1.1 billion ($1.5 billion) on Tuesday.

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