Published 2 years ago

UK's Capco and Shaftesbury in talks about $4 billion merger

Summary by Ground News

Capital & Counties Properties (Capco) and Shaftesbury are in advanced talks about a merger. merger would unite world-famous tourist destinations, including Covent Garden and Chinatown under common ownership. If completed, the merger would bring together two of London's most prominent landlords. Norges Bank, Norway's sovereign wealth fund, is likely to be an instrumental player.

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Reuters

UK's Capco and Shaftesbury in talks about $4 billion merger

London's West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on Saturday. The companies are in detailed discussions about an all-share tie-up that could be announced within weeks, the report said. As of November, Shaftesbury owned about 600 buildings in

2 years ago·United Kingdom

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Financial Post

UK property firms Capco, Shaftesbury in talks on reported $4 bln merger

British real estate firms Capital & Counties Properties and Shaftesbury Plc said they were in advanced talks on a merger that would bring such London tourist destinations as Covent Garden and Soho under one umbrella. Read More

2 years ago·Canada

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Sky News UK

West End landlords Capco and Shaftesbury in talks about £3.5bn merger

The owners of London landmarks including Covent Garden and Carnaby Street are in advanced talks about an all-share deal that would create a group worth about £3.5bn, Sky News learns.

2 years ago·United Kingdom

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