Prologis to Acquire UK's Segro in £14.3bn Takeover
Prologis agreed to acquire the UK's Segro in a £14.3 billion takeover deal. The companies reached a recommendation for the acquisition from Segro's board. The acquisition will help Prologis expand its European logistics platform.
US industrial-property giant Prologis PLD has agreed to acquire UK-listed Segro in a recommended takeover valued at up to £14.3 billion ($19.2 billion), one of the largest UK real estate transactions on record. Segro's board has recommended the offer to shareholders, structured as 0.92 Prologis shares per Segro share plus a partial £3.5 billion cash alternative.
The offer represents roughly a 39% premium to Segro's share price before the offer period began, reflecting how highly Prologis values access to Segro's European logistics footprint. The combined company would manage close to £200 billion in assets and a European portfolio spanning about 368 million square feet of warehouse and logistics space.
The deal extends Prologis's push into Europe at a moment when demand for modern logistics and fulfillment space remains elevated, driven by e-commerce growth and supply-chain reconfiguration. Prologis also plans a secondary London listing following completion, intended to keep the combined stock accessible to Segro's existing UK institutional shareholder base.
Completion is targeted for the first half of 2027 and remains subject to shareholder and regulatory approval. Investors could watch for integration costs, the financing terms as Prologis funds part of the deal through new share issuance, and whether UK and EU regulators raise competition concerns given the combined company's scale in European logistics real estate.
Related Stocks
Powered by SentiSense - Intelligent Market Analysis