Finance

Capco and Shaftesbury agree £3.5bn merger

By 2022-05-09T06:55:00

Shaftesbury - Seven Dials

Capital & Counties Properties and Shaftesbury are in advanced talks on a £3.5bn merger that would bring such London tourist destinations as Covent Garden and Soho into a single West End property giant.

The move comes after two years of speculation around such a deal following Capco’s deal to take a 26.3% stake in Shaftesbury, after paying Hong Kong tycoon Samuel Tak Lee £436m for his position in the company.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue