May 7 (Reuters) - London's West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on Saturday.
The companies are in detailed discussions about an all-share tie-up that could be announced within weeks, the report https://bit.ly/3P4kkhC said.
As of November, Shaftesbury owned about 600 buildings in the heart of London's West End, which includes Carnaby Street and Chinatown.
In June 2020, Capital & Counties Properties (Capco) bought a 26.3% stake in Shaftesbury from Hong Kong tycoon Samuel Tak Lee for 436 million pounds ($537.85 million).
Shaftesbury and Capco did not immediately respond to a Reuters request for comment. ($1 = 0.8106 pounds) (Reporting by Shivam Patel in Bengaluru; Editing by Kirsten Donovan)