PLD · News · 20260804N

Acquisition / Partnership / Divestiture

Prologis, Inc. · 2026-08-04 · Importance 71 · Surprise 60 · No source text

Prologis agreed to acquire SEGRO plc in a recommended transaction valuing SEGRO’s issued and to-be-issued ordinary share capital at approximately $18.8 billion, or up to £14.3 billion ($19.19 billion). SEGRO shareholders will receive 0.0920 newly issued Prologis shares per SEGRO share, with a partial cash alternative of up to approximately £3.5 billion, representing up to 25% of the transaction value. The transaction is expected to close in the first half of 2027, subject to customary conditions, and is expected to expand Prologis’s European operating portfolio by 47%. The combined platform is expected to have approximately $269 billion in assets under management and to be broadly neutral to minimally dilutive to Prologis’s Core FFO and AFFO per share.

Key facts

• Prologis agreed terms with the board of SEGRO plc on a recommended acquisition valuing SEGRO's entire issued and to be issued ordinary share capital at approximately $18.8 billion. source
• The proposed combination is anticipated to create a global platform with $269 billion in assets under management. source
• SEGRO shareholders have an option for a partial cash alternative of up to £3.5 billion. source
• The SEGRO offer provides SEGRO shareholders the option to take up to 25% cash, representing up to £3.51 billion in cash at 1,031.7 pence per share (as reported by Stock Titan). source
• The transaction is expected to close in the first half of 2027. source
• SEGRO shareholders will receive 0.0920 New Prologis Shares for each SEGRO Share. source
• The deal values each SEGRO Share at 1,031.7 pence. source

Impact estimates