These two groups race to buy GLP

This could be the largest Asian buyout by private equity groups.

The fight to acquire Global Logistic Properties is now down to a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus.

According to Reuters, an acquisition offers a chance for bidders to grab control of Asia's biggest warehouse operator which counts Amazon among its clients and is benefiting from rising demand for modern logistics facilities, driven by a boom in e-commerce business.

At current valuations, a successful transaction will rank as the largest Asian buyout by private equity groups, which are increasingly targeting bigger takeovers after raising record funds, according to Thomson Reuters data.

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