The board of UK warehouse landlord Segro has reversed its earlier position and agreed to a £14 billion takeover bid from US rival Prologis, according to reports on July 23, 2026. The deal would be one of the largest foreign takeovers of a UK-listed company.
Segro's board had previously rejected Prologis's approach but now recommends shareholders accept the offer, which values the company at approximately £14 billion. The acquisition would create a global logistics property giant.
Prologis, based in San Francisco, is the world's largest owner of warehouses and logistics facilities. The combined entity would have significant market presence in Europe and the Americas.
The deal is subject to regulatory approvals and shareholder votes. Analysts note the transaction reflects strong demand for logistics real estate amid e-commerce growth.
