Prologis and SEGRO have reached agreement on a recommended share offer with a partial cash alternative, under which Prologis will acquire the entire issued and to be issued ordinary share capital of SEGRO. The Combination Consideration of 1,031.7 pence per SEGRO Share represents a premium of approximately 39.0 per cent to SEGRO’s closing share price of 742 pence on 23 June 2026. SEGRO Shareholders will receive 0.0920 New Prologis Shares for each SEGRO Share, with a Partial Cash Alternative of up to £3,509,777,110.70, representing approximately 25 per cent of the total value of the consideration based on a fixed price of 1,031.7 pence per SEGRO Share. The SEGRO Directors intend unanimously to recommend the Combination, which is expected to complete in H1 2027, subject to shareholder and regulatory approvals. The Combined Group would bring together two high-quality portfolios with approximately £200 billion of assets under management.
Prologis IncPrologis acquires SEGRO, expanding its portfolio to ~£200 billion AUM.
Segro PlcSEGRO shareholders receive a 39% premium in a recommended share offer.