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FTSE 100 property giant Segro rejects third Prologis bid
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NEWSDECK ANALYSIS
Segro is a major player in the UK's industrial property market, with a large portfolio of warehouses and logistics facilities. The company's rejection of Prologis' bids comes amid a period of significant consolidation in the global logistics and warehousing sector, driven by growing demand for e-commerce and online delivery. The potential takeover would be one of the largest in the UK property sector in recent years, highlighting the strategic importance of Segro's assets to international investors.
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City AM
FTSE 100 property giant Segro rejects third Prologis bid
Segro has rejected a second and third takeover bid from US rival Prologis, as the tussle between the two property giants steps up a gear. The FTSE 100 real estate firm rejected Prologis’ latest bid last week, which amounted to £9.93 per share and valued the group’s total shares at £13.5bn. Prologis said its latest [...]
20 Jul, 07:06
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