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PSP Investments, GIC And Ontario Teachers' Pension Plan Agree To Invest $700M In XPO Logistics

2014-09-12 03:10:28| Logistics - Topix.net

XPO Logistics, Inc. today announced that it has entered into a definitive agreement with PSP Investments, GIC, Singapore's sovereign wealth fund, and Ontario Teachers' Pension Plan to invest a total of $700 million in XPO to accelerate the company's growth strategy. The company will receive all of the net proceeds, which it intends to use primarily for unspecified acquisitions.

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