Hamburg's city parliament approves MSC purchase of stake in HHLA
Hamburg City parliament yesterday voted to approve MSC’s acquisition of a 49.9% stake in the ...
By Alex Lennane
It is a big deal. Asia’s warehouse operator, Global Logistic Properties (GLP) is buying Europe’s Gazeley for a hefty $2.8bn, adding to its already sizeable $42bn portfolio, centred in Asia and the Americas. Gazeley’s addition brings coverage in Europe too. The new portfolio is made up of 57% UK assets, 25% in Germany, 14% in France and 4% in the Netherlands. GLP is itself being acquired, for $11.8bn, by a Chinese private equity consortium backed by executives from GLP.
Comment on this article
Andrew Thomas
November 20, 2018 at 10:26 amGlobal Logistics has a large scope. This could be another option to choose for some logistics company.