Key facts
- Segro has agreed to a £14 billion takeover by Prologis.
- Prologis is a US-based company.
- The deal is expected to complete in the first half of next year.
- Segro is valued at £14.3 billion in the takeover.
- The agreement ends a prolonged negotiation period.
Segro, a prominent FTSE 100 property firm, has reached an agreement for a £14 billion takeover by the US-based company Prologis. This significant transaction is anticipated to conclude in the first half of the upcoming year. The agreed-upon valuation for Segro stands at £14.3 billion, marking the end of an extended negotiation process between the two entities. The deal represents a major development in the real estate investment trust sector, consolidating significant assets under Prologis's ownership.