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Tritax Eurobox (EBOXLN: BBB): Segro Takeover

REAL ESTATE
  • Positive: But not as much as hoped
  • Segro (SGROLN: A-) has agreed to an all-share takeover of Tritax Eurobox.
  • EBOXLN will not get the Par CoC put that had been hoped for if Brookfield had won but they still benefit from the rating upgrade and the fact that SGROLN 26s trade -30bps tighter.

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