Blackstone, Hopu, Warburg Pincus Said to Submit Offers for GLP

Blackstone Group LP and at least two other bidders made offers for Global Logistic Properties Ltd., the $8.7 billion warehouse operator backed by Singapore’s sovereign fund, people with knowledge of the matter said.

An investor group led by Warburg Pincus and a consortium including Chinese buyout firm Hopu Investment Management, Hillhouse Capital Management and GLP Chief Executive Officer Ming Mei also submitted non-binding bids, the people said, asking not to be identified because the information is private.

GLP announced Feb. 3 it received a number of non-binding proposals, which will be evaluated by a special committee of independent board members. ...