Blackstone Said to Vie With Warburg, Chinese Group for GLP

Blackstone Group LP is considering an offer for Global Logistic Properties Ltd., potentially pitting it against Warburg Pincus and a separate Chinese group in the bidding for the $8.6 billion warehouse operator, people with knowledge of the matter said. Warburg Pincus is forming a consortium to bid for the Singapore-based company and has been speaking with banks and potential bidding partners, according to the people.