CIC Poised to Buy Logicor for $13.4 Billion

May 31, 2017 by Loch Adamson

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This week, China Investment Corp. stakes a claim to Blackstone's London-based logistics and warehouse company Logicor; Malaysia's Khazanah Nasional signals its interest in applying sustainable investing metrics to its portfolio; and Temasek Holdings' venture-capital arm, Vertex, readies the launch of new funds in Israel and the US. CIC Pulls Ahead in Battle to Buy European Warehouse Giant China’s flagship sovereign wealth fund, China Investment Corp. (CIC), is poised to become one of Europe’s largest logistics owners with the pending acquisition of London-based logistics and warehouse company Logicor. Based on formal bids submitted last Thursday, CIC has reportedly emerged as the leading contender for the warehouse company, which is owned by New York-based alternatives giant the Blackstone Group. If the deal goes through, the sale would mark the largest private real estate transaction struck in…

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