| LONDON, March 10
LONDON, March 10 Private equity firm Blackstone
has appointed more banks to help prepare for an initial
public offering (IPO) of shares in its giant European warehouse
owner Logicor, that could be valued at 13 billion euros ($13.8
billion), according to two sources familiar with the matter.
Wall Street banks Morgan Stanley, Citi and Bank
of America Merrill Lynch have been selected by
Blackstone to work on the potential listing in London alongside
Goldman Sachs, although no final decision to proceed has
been taken, according to one of the sources.
Blackstone declined to comment.
Logicor was founded by Blackstone’s real estate division in
2012 to manage and operate its European logistics assets.
Counting Amazon among its clients, it has become the
largest owner of European logistics and distribution properties,
covering a total of 13.6 million square metres across Europe.
Reuters reported in December that Blackstone was hiring
banks to prepare for an IPO of Logicor, several people with
knowledge of the situation said at the time.
Goldman Sachs and Eastdil Securities had already been chosen
to help with the listing but the global coordinators had not yet
been appointed, one of the sources involved in the process said.
Sky News first reported the appointments.
($1 = 0.9429 euros)
(Writing by Anjuli Davies; Editing by Rachel Armstrong, Greg