Business
Combining SEGRO and Prologis - A Credible Path to Value Creation
Combining SEGRO and Prologis - A Credible Path to Value
About this update from Segro Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.SAN FRANCISCO, July 9, 2026 /PRNewswire/ -- Following constructive engagement with SEGRO plc's ("SEGRO") shareholders and the presentation published by SEGRO yesterday, Prologis, Inc. ("Prologis") today published a new investor presentation to help shareholders further assess the significant potential benefits of a combination of Prologis and SEGRO.Prologis believes constructive engagement with Prologis remains the best path for the Board of SEGRO to maximise long-term value for SEGRO shareholders and wider stakeholders, for four compelling reasons:Prologis brings both a superior platform and a larger data center opportunityPrologis' platform creates advantages that cannot be replicated by SEGROSEGRO's public market valuation reflects its structural constraintsThe strategic rationale is clear — constructive engagement creates the best outcome1. Prologis Brings Both a Superior Platform and a Larger Data Center Opportunity Prologis has an established data center platform with end-to-end capabilities to convert power into data center value. It is staffed to deliver on the substantial data center opportunity with a dedicated data center team of 75+ people along with a 250+ person development team, 175+ person in-house energy team and a 35+ person procurement team. Prologis has a proven track record for execution, and monetisation from its data center platform.Prologis' power pipeline of 5.8GW across approximately 30 projects (less than 1% of the Prologis portfolio) is either secured or in advanced stages, with a longer-term estimate of 10GW+ with meaningful potential upside and more than 150 projects with power applications under review. SEGRO shareholders have the opportunity to benefit from a more experienced, larger and better-capitalised data center platform that can capture and maximise the long-term value of both companies' data center pipelines as well as the upside from Prologis' broader embedded power potential.2.&...