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Vanke in talks to join China consortium in GLP bidding

Bloomberg China Vanke Co., a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd., people with knowledge of the matter said. The Shenzhen-based homebuilder has discussed becoming one of about six major investors in the Chinese bidding group backed by Hopu Investment Management, Hillhouse Capital ...

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Warburg Pincus to pay $360mn for Tata stake

Bloomberg Warburg Pincus agreed to buy a stake in Tata Technologies Ltd. from its parent Tata Motors Ltd., owner of Jaguar Land Rover, and another Tata group company for about $360 million. The New York-based private equity firm will acquire 43 percent stake in the Singapore-headquartered engineering services company, Tata Motors said in a statement on Thursday. Warburg Pincus will ...

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Amazon-Whole Foods deal to shake up $800bn grocery sector

Bloomberg Since its founding 23 years ago, Amazon.com Inc. has upended the business of selling books, music and just about everything else we consume — except food. Not anymore. In one fell swoop, Amazon founder Jeff Bezos charged into the supermarket business with the $13.7 billion acquisition of Whole Foods. The surprise deal shakes up the $800 billion grocery sector ...

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