Finance

Capco confirms deal to buy Tak Lee’s 26% stake in Shaftesbury

By 2020-06-01T07:53:00

Brian Bickell of Shaftesbury

Capital & Counties (Capco) has confirmed it has agreed to buy Samuel Tak Lee’s 26.3% shareholding in Shaftesbury across two tranches for £436m.

The deal, which has sparked rumours that Capco is considering a full bid for Shaftesbury, was struck at a discount of 13.9% to the Shaftesbury’s closing share price on Friday.

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