Singaporean logistics firm Global Logistics Properties is in talks with a shortlist of bidders looking to buy the company.
The company said that proposals from potential buyers could involve a deal to buy all or some of the shares of the $8.6bn (£7bn) company.
It follows a report in Bloomberg in January that Blackstone and Warburg Pincus were readying bids for GLP, with Chinese private equity firm Hopu Investment Management also understood to be in the running.
The company said the terms of the proposals are non-binding and it will make an announcement “in the event of any material developments”.
In December, GLP announced a strategic review, led by JP Morgan, which would include talking to “various parties” about options for the future of the business to boost shareholder value.
The review was announced amid rumours of a prospective takeover of GLP by Chinese sovereign wealth fund China Investment Corporation at the end of last year.
Meanwhile, Singaporean sovereign wealth fund GIC, which has a 37% stake in GLP, is in the running to buy Logicor, the European logistics platform Blackstone is looking to sell.
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