Brookfield Outbids Segro With $728 Million Deal to Acquire FTSE 250 Tritax EuroBox

Oct 10, 2024, 07:51 AM

Brookfield has successfully outbid Segro in a competitive effort to acquire Tritax EuroBox Plc, a FTSE 250 warehouse owner. The recommended cash offer from Brookfield values Tritax EuroBox at £557 million ($728 million). Tritax EuroBox has agreed to the $1.44 billion deal with Brookfield, rejecting Segro's proposal. This acquisition marks a significant move for Brookfield in the real estate and logistics sector.