Capco and Shaftesbury cement terms of £3.5bn merger

Shaftesbury - Seven Dials

Capital & Counties (Capco) has agreed the deal to complete its reverse takeover of Shaftesbury, which will create a combined company worth around £3.5bn.

The all-share deal will result in Capco owning 100% of the company despite having a market value half that of Shaftesbury.

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