Skip to content

LondonMetric pounces on smaller rival in £198.6m deal

Featured Sponsor

Store Link Sample Product
UK Artful Impressions Premiere Etsy Store


Consolidation continued apace in the UK property market with the acquisition of one of the smallest players in the sector.

CT Property Trust PLC has agreed to be purchased in a paper agreement filed by London Metric Property PLC (LSE: LMP)valuing it at £198.6 million, a 34% premium to Tuesday’s closing price.

Unsurprisingly, CT shares soared – 19% to 74.6p. By contrast, the bidder’s shares fell 8% to 178.3 pence.

Shore Capital said the deal “seems [like] a good strategic fit and should create new shareholder value” for LondonMetric.


—————————————————-

Source link

We’re happy to share our sponsored content because that’s how we monetize our site!

Article Link
UK Artful Impressions Premiere Etsy Store
Sponsored Content View
ASUS Vivobook Review View
Ted Lasso’s MacBook Guide View
Alpilean Energy Boost View
Japanese Weight Loss View
MacBook Air i3 vs i5 View
Liberty Shield View
🔥📰 For more news and articles, click here to see our full list. 🌟✨

👍🎉 Don’t forget to follow and like our Facebook page for more updates and amazing content: Decorris List on Facebook 🌟💯

📸✨ Follow us on Instagram for more news and updates: @decorrislist 🚀🌐

🎨✨ Follow UK Artful Impressions on Instagram for more digital creative designs: @ukartfulimpressions 🚀🌐

🎨✨ Follow our Premier Etsy Store, UK Artful Impressions, for more digital templates and updates: UK Artful Impressions 🚀🌐