Singaporean logistics company GLP has appointed JP Morgan to lead its strategic business review.
The investment manager said it was approaching “various parties to evaluate the viability of options available for its business”, in a stock exchange statement last week.
It added that no definite deals had been agreed, dispelling rumours of a takeover by Chinese sovereign wealth fund China Investment Corporation.
In 2014, GLP bought Blackstone’s US logistics business Indcor for $8.1bn (£6.4bn), giving it a global portfolio that now has $39.7bn assets under management.
GLP’s portfolio is spread across China, Japan, the US and Brazil, with no exposure to the European logistics market.
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