Prologis announces recommended acquisition of SEGRO plc

Prologis has announced a recommended acquisition of SEGRO plc.

• Prologis said it has reached agreement with SEGRO’s board on a recommended acquisition valuing SEGRO at approximately $18.8 billion.
• SEGRO shareholders would receive 0.0920 new Prologis shares per SEGRO share, with a partial cash alternative capped at about £3.5 billion; completion is expected in the first half of 2027 subject to approvals.
• The combination would expand Prologis’ European logistics platform and includes a plan to apply for a secondary listing on the London Stock Exchange.
• The press release also says the combined company expects long-term opportunities across logistics, energy and digital infrastructure, and it references data center development and power procurement as part of future opportunities.