Swedish global investment group investing across private equity, infra, real estate, growth, and VC
Ocado is facing questions over Tim Steiner’s pay and potential succession amid a slide in its share price to below its 2010 flotation level. The board is considering replacements as shareholders voice concerns over pay proportionality and performance.
Prologis has made an all-share approach worth 925p a Segro share, valuing Segro at about 3.6bn. Segro’s board has rejected the bid as “a long way short” of value, arguing the US bid undervalues the business. Shares have rallied on the news, while broader property stocks are buoyed by falling gilt yields and hopes of cheaper financing.