This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.

Insights

The latest news and events at Maples Teesdale

| less than a minute read

Norges rivals Lee with £245m Shaftesbury buy

It feels like there will be quite a lot of corporate activity this year.  It is only February and there has already been a fair amount.  We have a number of clients who have specifically mentioned that they are looking for portfolios or corporate acquisitions as a way of gearing up quickly in size or to find value.

Norges rivals Lee with £245m Shaftesbury buy By David Hatcher22/02/2018 | Investment/financePrintDownloadShare Norges Bank Investment Management has bought out Invesco’s stake in Shaftesbury to build a more dominant position in the company, narrowing the gap with its biggest shareholder Sammy Tak Lee. The Norwegian sovereign wealth fund and second largest shareholder bought the 8.2% stake of the previously third largest shareholder at £9.70 per share. Norges now holds 20.86%.

Subscribe to our latest insights by topic here

Tags

banking and securities, strategic land, stakeholder, dominance, commercial property, real estate, banking, bank, shareholders, equity, bid, takeover, investment management, buy in central london, invesco, shafts, shares