-

SEGRO Completes the Acquisition of a Controlling Interest in Sofibus Patrimoine

SEGRO to Launch a Simplified Mandatory Offer to Purchase Remaining Shares

LONDON--(BUSINESS WIRE)--Regulatory News:

SEGRO plc (“SEGRO”) (LSE: SGRO, EPA: SGRO) announces that it has completed the acquisition of a further 74.9 per cent stake in Sofibus Patrimoine (“Sofibus” or “the Company”), and that it now owns 94.4 per cent of the Company.

Following the announcement dated 15 December 2020, SEGRO confirms today that it has successfully completed the acquisition of a further 74.9 per cent stake in the Company at a price of €313.71 per share.

As a result, SEGRO now owns 94.4 per cent of Sofibus.

In accordance with applicable laws and regulations, by the end of Q1 2021, SEGRO will file a simplified mandatory offer for the remaining share capital of Sofibus at a price of €313.71 per share (the “Offer”). Following the Offer, SEGRO intends to implement a squeeze-out procedure on the Sofibus shares not tendered by the minority shareholders of Sofibus in the Offer.

Contacts

Penny Thomas
Interim Head of Secretariat
020 7451 9083

Industry:

SEGRO plc

LSE:SGRO
Release Versions
English

Contacts

Penny Thomas
Interim Head of Secretariat
020 7451 9083

More News From SEGRO plc

SEGRO to Acquire Controlling Interest in French Urban Warehousing Company Sofibus Patrimoine

LONDON--(BUSINESS WIRE)--Regulatory News: SEGRO plc (Paris:SGRO) (“SEGRO”) (LSE: SGRO, EPA: SGRO) announces that it has unconditionally agreed to acquire a further 74.9 per cent of the share capital of Sofibus Patrimoine (“Sofibus” or “the Company”) for €313.71 per share. Following its acquisition of a 19.5 per cent interest in 2018, and upon completion of the transaction, SEGRO will own 94.4 per cent of Sofibus. SEGRO will file a simplified mandatory tender offer for the Sofibus shares not own...

SEGRO plc Receives Approval for Secondary Listing of Shares on Euronext Paris

LONDON--(BUSINESS WIRE)--Regulatory News: SEGRO (LSE:SGRO) (Paris:SGRO) ("SEGRO", the "Company" or, together with its subsidiaries, the "Group") announces that it has applied and received approval for the admission of its entire issued share capital (the “Shares”) to listing and trading on Euronext Paris (the “Secondary Listing”). Admission is expected to take place on or about 24 November 2020. The Shares will be traded under the Euronext ticker symbol “SGRO” and ISIN code GB00B5ZN1N88. The Se...
Back to Newsroom