Blackstone to Sell Logicor for $14B

Affiliates of China Investment Corp. have agreed to purchase the 147 million-square-foot logistics and distribution warehouse portfolio, which spreads across 17 European countries.

Five years after establishing Logicor to serve as its pan-European logistics platform, Blackstone has entered into an agreement to sell the company to affiliates of China Investment Corp.  CIC will pay a whopping $14 billion for Logicor and its 147 million-square-foot portfolio of high-quality logistics and distribution warehouses…

Blackstone to Sell Logicor for $14B

Categories : Finance

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