Activist investor group Laxey Partners is to press for Land Securities to dispose of its £1bn Trillium outsourcing business. Financial Times. The Sunday Times
Land Securities is undertaking a review of its business by bankers at Citigroup to decide whether to split itself up. Laxey believes Trillium is undervalued as part of the wider property group
Laxey launched a similarly aggressive attack on British Land four years ago when the company’s shares were trading at an enormous discount to net asset value.