Forwarders face margin squeeze as growth cools and disruption persists
The global freight forwarding market is still growing, but the industry’s easy gains appear to ...
© Pavel Kapysh |
US logistics property giant Prologis has launched a £12.6bn takeover bid for Segro of a near-25% premium on the UK warehouse and industrial property specialist’s share price. However, Segro’s board has unanimously rejected the all-share bid, arguing it significantly undervalued the company and its growth prospects, particularly its expanding data centre portfolio.
The move highlights continued overseas interest in UK-listed assets and could reignite speculation over further consolidation in the logistics real estate sector, reports The Guardian.
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