Prologis rebuffed in £12.6bn bid for UK warehouse giant Segro
US logistics property giant Prologis has launched a £12.6bn takeover bid for Segro of a ...
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By Alex Lennane
Another day, another bit of M&A. Today’s news is that the UK’s Cardinal Global Logistics has made a “strategic investment” in Australia’s Seabridge to boost its presence in Australia and New Zealand and support trade links with Asia. Cardinal has worked with Seabridge for the past five years. The Australian forwarder has five domestic locations and opened in Auckland last year.
Brian Hay, Cardinal group CEO, said it had only bought one company in its history, 20 years ago. “Delighted to have got this one over the line,” he said. The Business Desk reports.
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