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SEGRO hedges Brexit bets with secondary Paris listing

The listing would allow it to maintain an optimum and efficient holding structure after Brexit

Segro - SEGRO hedges Brexit bets with secondary Paris listing
Segro has €6.2bn of property in continental Europe

SEGRO PLC (LON:SGRO) has hedged its Brexit bets with a secondary listing on the Euronext Paris exchange.

The FTSE 100 warehouse and industrial property group said the Secondary Listing reflected the growth and importance of its Continental European investor base and operations.

SEGRO’s portfolio in Europe is worth €6.2bn portfolio and the Paris listing would allow it to maintain an optimum and efficient holding structure after Brexit, it said.

No new shares are being issued in the move, added the company.

Admission to trading in Paris is expected to take place on or about November 24, 2020.

SEGRO is valued at £10.8bn currently on the London stock exchange.

Quick facts: Segro

Price: 907.2 GBX

LSE:SGRO
Market: LSE
Market Cap: £10.81 billion
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