AcquisitionsAug 4, 2026, 06:08 AM
Prologis to acquire SEGRO plc for approximately £14.0B
AI Summary
Prologis, Inc. announced a recommended offer to acquire the entire issued share capital of SEGRO plc for approximately £14.0 billion. SEGRO shareholders will receive 0.0920 shares of Prologis common stock for each SEGRO ordinary share, with an option for a partial cash alternative up to £3.5 billion. This cash portion will be funded through a new term loan facility. The acquisition is expected to close in the first half of 2027, and Prologis will seek a secondary listing on the London Stock Exchange.
Key Highlights
- Prologis to acquire SEGRO plc for approximately £14.0 billion.
- SEGRO shareholders to receive 0.0920 Prologis shares per SEGRO ordinary share.
- Partial cash alternative up to £3.5 billion, funded by a new term loan facility.
- SEGRO shareholders to hold 8.9% to 11.5% of the combined group.
- Prologis will seek a secondary listing of its common stock on the London Stock Exchange.
- Combination expected to be completed in the first half of 2027.
Price Impact
More from PLD