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CMA clears Capco/Shaftesbury merger

Wed, 22nd Feb 2023 07:58

(Sharecast News) - West End landlords Capital & Counties and Shaftesbury said on Wednesday that the Competition and Markets Authority has cleared their £3.5bn merger.

The merger is now expected to complete on 6 March.

The companies announced last June that they had agreed an all-share merger that would create a combined group with a portfolio valued at around £5bn.

The combined group's portfolio will comprise approximately 670 predominantly freehold buildings with around 2.9m square feet of lettable space across 2,000 commercial and residential units.

More News
30 Nov 2020 10:16

Capital & Counties Receives GBP105 Million From Earls Court Sale

Capital & Counties Receives GBP105 Million From Earls Court Sale

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30 Nov 2020 08:26

Capco pays down debt with £105m deferred Earls Court consideration

(Sharecast News) - Capital & Counties confirmed on Monday that it has received £105m of deferred cash consideration from the sale of Earls Court.

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19 Nov 2020 16:06

UPDATE: Capital & Counties Prices Offering Of GBP250 Million Bonds

UPDATE: Capital & Counties Prices Offering Of GBP250 Million Bonds

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19 Nov 2020 10:30

Capital & Counties Launches Offering Of GBP250 Million Bonds Due 2026

Capital & Counties Launches Offering Of GBP250 Million Bonds Due 2026

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26 Oct 2020 14:14

UK DIRECTOR DEALINGS SUMMARY: Capco Leadership Buy 350,000 Shares

UK DIRECTOR DEALINGS SUMMARY: Capco Leadership Buy 350,000 Shares

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22 Oct 2020 17:45

UPDATE: Shaftesbury Raises GBP297 Million To Weather Pandemic Storm

UPDATE: Shaftesbury Raises GBP297 Million To Weather Pandemic Storm

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22 Oct 2020 12:21

LONDON MARKET MIDDAY: FTSE Wipes Losses As Airlines Rise

LONDON MARKET MIDDAY: FTSE Wipes Losses As Airlines Rise

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22 Oct 2020 11:06

UK WINNERS & LOSERS SUMMARY: Shaftesbury Down 13% Amid Fundraise Plans

UK WINNERS & LOSERS SUMMARY: Shaftesbury Down 13% Amid Fundraise Plans

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22 Oct 2020 10:20

Shaftesbury To Raise Over GBP300 Million To Navigate Covid-19

Shaftesbury To Raise Over GBP300 Million To Navigate Covid-19

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22 Oct 2020 08:24

Shaftesbury slumps on discounted cash call to weather pandemic

(Sharecast News) - West End landlord Shaftesbury slumped on Thursday after announcing plans for a discounted cash call to help it weather the Covid-19 pandemic.

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21 Oct 2020 09:33

UK BROKER RATINGS SUMMARY: StanChart Raised; Jefferies Says Buy Metro

UK BROKER RATINGS SUMMARY: StanChart Raised; Jefferies Says Buy Metro

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8 Oct 2020 09:40

UK BROKER RATINGS SUMMARY: JPMorgan Upgrades Network International

UK BROKER RATINGS SUMMARY: JPMorgan Upgrades Network International

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8 Oct 2020 07:58

LONDON BRIEFING: easyJet To Post Loss As Passenger Numbers Halve

LONDON BRIEFING: easyJet To Post Loss As Passenger Numbers Halve

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9 Sep 2020 16:42

Capital & Counties To Sell London Wellington Block To Portfolio Club

Capital & Counties To Sell London Wellington Block To Portfolio Club

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3 Sep 2020 09:41

UK BROKER RATINGS SUMMARY: Morgan Stanley Cuts LandSec, British Land

UK BROKER RATINGS SUMMARY: Morgan Stanley Cuts LandSec, British Land

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