SINGAPORE: Sovereign wealth fund GIC Pte is leading a consortium to buy United States-based IndCor Properties from Blackstone Group in a deal valued at about US$8 billion (RM26.6 billion), including debt, said a person familiar with the matter yesterday. IndCor was formed in 2010 as a portfolio company of Blackstone and has a footprint of warehouses and distribution centres across the US, according to the company website. œTalks are still ongoing, we dont know whether there will be a deal yet, said the person. Bloomberg
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