Tritax Big Box REIT acquires 87% stake in db Symmetry

Writer, Stock Market Wire
Wednesday, February 20, 2019 - 10:00

Tritax Big Box REIT said Wednesday it would issue shares to db Symmetry to complete a deal to acquire a 87% stake in the company.

Under the terms of the acquisition, Tritax Big Box agreed to issue 40,450,234 shares.

The admission of the issued shares to trading on the London Stock Exchange was expected to become effective on 22 February 2019, the company said.

Immediately following admission of the shares, the company's issued share capital would consist of 1,706,974,948 shares.

At 10:00am: (LON:BBOX) Tritax Big Box Reit Plc share price was +0.05p at 137.05p

Related content

Broker Forecast - Barclays Capital issues a broker note on Tritax Big Box Reit Plc

Barclays Capital today downgrades its investment rating on Tritax Big Box Reit Plc (LON:BBOX) to underweight (from equal weight) and cut its price target to...

Thu, 22/08/2019 - 08:10

Tritax Big Box REIT hikes interim dividend 2.2%, 'on track' to hit FY target

Real estate investment trust Tritax Big Box REIT posted a 5.7% increase in first-half operating profit as it upped its interim dividend by 2.2%.


Thu, 08/08/2019 - 07:49

Hammerson yet to nail a catalyst that unlocks value for shareholders

Hammerson’s shares continue to look very cheap on both a dividend yield and net asset value (NAV) basis, its prime outlet sites are proving...

Mon, 29/07/2019 - 13:26

Logistics firm set for re-rating after completing turnaround


As the largest British logistics company, Wincanton (WIN) received plenty of media coverage in the first quarter of the year as the nation...

Thu, 11/07/2019 - 00:00

Tritax Big Box REIT secures new £200m loan facility

Tritax Big Box REIT entered into a new £200m credit facility with a syndicate of its relationship lenders to support the company's future investment and...

Mon, 17/06/2019 - 09:58