Reuters – Londons 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 allshare tieup that could be announced within weeks, the report said.
As of November, Shaftesbury owned about 600 buildings in the heart of Londons West End, which includes Carnaby Street and Chinatown.
In June 2020, Capital & Counties Properties Capco bought a 26.3 stake in Shaftesbury from Hong Kong tycoon Samuel Tak Lee for 436 million pounds 537.85 million. p
Shaftesbury and Capco did not immediately respond to a Reuters request for comment.
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