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UK's Capco buys 26% stake in rival Shaftesbury for 436 million pounds

Published 01/06/2020, 07:43
Updated 01/06/2020, 07:45

(Reuters) - British property manager Capital & Counties Properties (L:CAPCC) said on Monday it had sealed the purchase of Hong Kong tycoon Samuel Tak Lee's 26.3% stake in central London rival Shaftesbury (L:SHB) for 436 million pounds.

Capco said the stake was being bought from Veloqx, a trust fund set up by Tak Lee, at a price of 540 pence per share.

 

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