(Bloomberg) Prologis has expressed interest in buying GLP Pte's US operations as the Singapore-based warehouse owner prepares an initial public offering of the unit, according to people familiar with the matter.
Prologis has held talks with GLP about acquiring the division, which could fetch more than $20 billion, said the people, who asked to not be identified because the matter isn't public. GLP has drawn interest from other potential acquirers in recent weeks for the closely held company but is focused on taking it public, one of the people said.
Discussions with Prologis are at an early stage and no deal is imminent, the people said.
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