The Prologis-SEGRO merger is targeted for completion in H1 2027, with the effective date of the scheme also set for H1 2027. [1][2][3][4][5]
Shareholder approval processes are advancing, with the Court Meeting and General Meeting scheduled for September 28, 2026, at UBS London at 11:00 AM and 11:15 AM London time. [6][7][8][9][10]
The SEGRO board unanimously recommends the acquisition, with shareholders set to receive 0.0920 Prologis shares per SEGRO share plus a partial cash alternative capped at approximately £3.5 billion, and no proxy opposition or competing bid has been identified. [11][12][13]
Regulatory clearances remain pending, with no formal merger notifications publicly announced as of September 4, 2026, and no regulatory clearances received within the coverage window, despite the deal being in the pre-notification phase requiring approvals from the EU Commission, UK CMA, Italian FDI/GGolden Power, and UK NSIA. [14][15][16][17][18]
The transaction values SEGRO at approximately £14.3 billion ($18.8–19.2 billion), representing a 39% premium, and would create the world’s largest industrial/logistics REIT platform with approximately 20% European logistics market share. [19][20][21][22][23]