Tuesday, January 11, 2011

Global Logistic Properties rated 'buy' by Nomura

Nomura Research in a Jan 5 research report says: "GLP announced on Jan 4, 2011 the acquisition of a 53.1% stake in Airport City Development Co Ltd (ACL), the sole developer in the Beijing Capital International Airport's (BCIA) airside cargo and bonded logistics area for a net consideration of US$375 million.

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