June 1, 2020 / 6:40 AM / a month ago

UK's Capco buys 26% stake in rival Shaftesbury for $540 mln

June 1 (Reuters) - British property manager Capital & Counties Properties said on Monday it had sealed the purchase of Hong Kong tycoon Samuel Tak Lee’s 26.3% stake in central London rival Shaftesbury for 436 million pounds ($540.73 million).

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.

$1 = 0.8063 pounds Reporting by Samantha Machado in Bengaluru; Editing by Arun Koyyur

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below