Segro Rejects $16.6bn Prologis Bid as US Buyers Circle UK Assets
· Source: eutoday.net
In short
UK logistics real estate firm Segro has rejected a £12.6 billion all-share takeover proposal from US giant Prologis, valuing the company at approximately $16.6 billion. The bid underscores growing foreign interest in European warehouse, distribution, and data-centre-linked real estate, which has become strategic infrastructure for e-commerce, supply chains, cloud computing and AI. The rejection has reignited debate about foreign ownership of critical logistics assets and the undervaluation of UK-listed companies in the current market.
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Tags: logistics, warehouses, supply chains, real estate, data centres, foreign takeovers