Brookfield has agreed to sell a portion of Tritax EuroBox’s (EBOX) European logistics portfolio to SEGRO for €470m in cash, pending the completion of its takeover.
In two separate stock exchange notices today (12 November), both firms confirmed they had signed non-binding heads of terms and a binding exclusivity agreement for SEGRO, either directly or through a partner, to acquire a portfolio of six EBOX assets from Brookfield. The assets in Germany and the Netherlands account for around 31% of Tritax EuroBox's portfolio value, aligning with Brookfield's previously stated plan to generate proceeds of 20-30% of the portfolio's gross value, according to the EBOX board. Tritax EuroBox backs competing 28% premium cash offer in blow to SEGRO deal ...
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