Strategics Team Up for Brazil Logistics

Strategics Team Up for Brazil Logistics

Brazil Asia M&A Funds Canada

A group of strategic investors has agreed to spend BRL2.9bn ($1.49bn) to acquire a portfolio of Brazilian logistics facilities from asset manager Hemisferio Sul Investimentos. Canada Pension Plan Investment Board (CPPIB), Singapore’s GIC sovereign wealth fund, GIC’s Global Logistic Properties (GLP) unit and the China Investment Corp (CIC) will form a pair of joint ventures to own the commercial distribution properties, the parties say. It is the latest sovereign wealth vehicle movement into Lati

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