UK’s Capco and Shaftesbury in talks about $4 billion merger – Sky News
(Reuters) – London’s West Finish targeted industrial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in superior talks a couple of 3.5 billion pound ($4.32 billion) merger, Sky Information reported on Saturday.
The businesses are in detailed discussions about an all-share tie-up that could possibly be introduced inside weeks, the report stated.
As of November, Shaftesbury owned about 600 buildings within the coronary heart of London’s West Finish, which incorporates Carnaby Road and Chinatown.
In June 2020, Capital & Counties Properties (Capco) purchased a 26.3% stake in Shaftesbury from Hong Kong tycoon Samuel Tak Lee for 436 million kilos ($537.85 million).
Shaftesbury and Capco didn’t instantly reply to a Reuters request for remark.
($1 = 0.8106 kilos)
(Reporting by Shivam Patel in Bengaluru; Modifying by Kirsten Donovan)
