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May possibly 7 (Reuters) – London’s West Conclusion concentrated industrial landlords Funds & Counties Attributes Plc (CAPCC.L) and Shaftesbury Plc (SHB.L) are in sophisticated talks about a 3.5 billion pound ($4.32 billion) merger, Sky Information reported on Saturday.
The providers are in in-depth discussions about an all-share tie-up that could be announced in just months, the report mentioned.
As of November, Shaftesbury owned about 600 structures in the coronary heart of London’s West Finish, which consists of Carnaby Avenue and Chinatown.
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In June 2020, Cash & Counties Attributes (Capco) purchased a 26.3% stake in Shaftesbury from Hong Kong tycoon Samuel Tak Lee for 436 million kilos ($537.85 million).
Shaftesbury and Capco did not straight away respond to a Reuters ask for for remark.
($1 = .8106 lbs .)
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Reporting by Shivam Patel in Bengaluru Modifying by Kirsten Donovan
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