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Segro agrees to all-stock takeover by Prologis in $18.8B deal
Under the proposed terms, Segro shareholders would receive 0.0920 new Prologis shares for each Segro share, and the deal is expected to close in the first half of 2027.
Prologis has secured agreement from the board of UK industrial landlord Segro for a proposed acquisition in an all-stock transaction valued at about US$18.8 billion, according to ConnectCRE.
The combined platform would create a European operating portfolio totaling 368 million square feet, expanding Prologis’ European footprint by 47%, and would bring the company to approximately US$269 billion of assets under management.
As outlined in the proposed deal terms, Segro shareholders would receive 0.0920 new Prologis shares for each Segro share, with an option to elect cash in lieu of some or all of their Prologis share consideration.
ConnectCRE said Segro shareholders will receive the proposed consideration as part of the recommended acquisition, which is expected to be finalized in the first half of 2027.