GIC, Singapore’s sovereign wealth fund, has completed the purchase of P3, one of the leading pan-European owners, developers and managers of logistics properties, from TPG Real Estate and Ivanhoé Cambridge.
Japan's Asahi Group said on Tuesday it will pay 7.3 billion euro ($7.73 billion) to Belgian-based multinational beverage and brewing company AB InBev for the Central and Eastern European assets of SABMiller, including assets in Romania.
P3 Logistic Parks, a leading specialist pan-European owner, developer and manager of logistics properties, announced today that GIC, Singapore’s sovereign wealth fund, has signed a definitive agreement to acquire P3 from TPG Real Estate and its partner Ivanhoé Cambridge. The transaction values the business at €2.4 billion and is the largest European real estate transaction this year. The transaction is subject to regulatory approval and is expected to close by the end of 2016.
An American giant controlled by important financial companies such as BlackRock, RBC or Merrill Lynch, took over the major share within Astra Rail Management, which operates three wagon factories.
Chinese beer producer China Resources Beer Holdings Co ponders taking over SABMiller’s operations in Central and Eastern Europe, which are valued at around USD 6 billion, according to Bloomberg.
The Emerson group, with two factories in Romania in Cluj-Napoca and Oradea and more than 2,400 employees, sold the divisions Leroy-Somer and Control Tehniques to Japan’s Nidec Corporation, in a transaction of 1.2 billion dollars, including part of the operations in Romania.
According to sources in the market, Czech group P3, owned by the American fund TPG is negotiating with the gigantic Singapore fund GIC the sale of its logistics portfolio in eleven countries, including Romania, sources saying that the negotiations could be completed by the end of the year.
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