The U.S. company Prologis, a world leader in the ownership and management of logistics properties, has signed a agreement with the board of directors of Segro, real estate investment trust in London, which also owns and develops logistics and industrial properties, which includes the launch of an offer worth approximately $18.8 billion for acquire the entire ordinary share capital issued and to be issued of British society.

With the implementation of the combination, the assets under management of the Prologis group will rise to a value of approximately 269 billion dollars by expanding the European footprint of the San Marino company by 47% Francisco thanks to a European operating portfolio of approximately 34.2 million square meters.

Segro shareholders will be offered Prologis shares or A partially cash alternative. In detail, the operation, which is expected to close in the first half of 2027, expects Segro shareholders to receive 0.0920 new shares Prologis for each Segro share owned. It is also planned A partial cash alternative: shareholders will be able to choose to receive liquidity instead of part or the the total shareholder component, up to a maximum aggregate of around £3.5 billion.

As part of the transaction, Prologis will apply for a secondary listing of its shares on the London Stock Exchange, with the approval of this request, which is one of the conditions for completing the operation.