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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Segro PLC REIT (PK) | USOTC:SEGXF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 11.14 | 10.68 | 11.96 | 1,213 | 21:05:08 |
From Jun 2019 to Jun 2024
BAA Limited said Tuesday that its stake in the Airport Property Partnership or APP, a 50:50 joint venture between BAA Limited and clients of Aviva Fund Management Limited, is being sold to SEGRO PLC (SGRO.LN), for GBP244 million.
MAIN FACTS:
-SEGRO will assume BAA's share of APP's debt and other liabilities of GBP128 million with the result that BAA's net proceeds from the transaction will be GBP116 million.
-Total consideration includes GBP3.7 million in asset management fees and partnership distributions from January 1 to completion.
-The transaction is part of BAA's strategy to dispose of non-core assets, and follows APP's sale of 33 assets to the Arora Family Trust for GBP309 million in 2008.
-The joint venture owns 18 industrial warehouses in or near Heathrow, Stansted, Edinburgh and Gatwick airports.
-The sale is subject to ECMR clearance and is expected to close by mid June.
-By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; razak.baba@dowjones.com
1 Year Segro PLC REIT (PK) Chart |
1 Month Segro PLC REIT (PK) Chart |
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