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Offer premium for Global Logistic Properties in line with past privatisations: UOB

PC Lee
PC Lee7/17/2017 10:19 AM GMT+08  • 2 min read
Offer premium for Global Logistic Properties in line with past privatisations: UOB
SINGAPORE (July 17): UOB KayHian is recommending take up Nesta Investment’s offer to privatise Global Logistic Properties as it is above the brokerage’s target price of $2.75 and the offer premium is also in line with past property privatisations.
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SINGAPORE (July 17): UOB KayHian is recommending take up Nesta Investment’s offer to privatise Global Logistic Properties as it is above the brokerage’s target price of $2.75 and the offer premium is also in line with past property privatisations.

The offer price of $3.38/share, at a 25% upside to the closing price of $2.70 on July 12, is 1.3x GLP’s book value of $2.60/share and at parity to its RNAV of $3.39/share.


See: Global Logistic Properties receives $3.38/share offer from Hopu-Hillhouse consortium; values company at $16 bil

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