It's all out in the open now: Capital & Counties Properties and Shaftesbury have both confirmed they are in £3.5 billion merger talks. Below is the link:
Capital & Counties Properties has come under the spotlight amid speculation the company may soon be involved in significant corporate transaction, such as a merger or takeover of the London-listed company.
The precise details of transaction involving Capital & Counties Properties are unclear but some people following the situation suggested the company may have attracted a suitor interested in buying the business...
Betaville was slightly perplexed by the fact that only the Mail on Sunday reported the news today about Capital & Counties acquisition of a 26.3pc shareholding in Shaftesbury from Samuel Tak Lee...
David Hatcher over at React News is on fire, revealing just now that Capital & Counties is in talks to buy Sammy Tak Lee's stake in Shaftesbury in a move that would pave the way for a £3.1 billion combination of the two retail property giants.
Below is the link to David's scoop:
https://reactnews.com/article/capco-in-talks-to-buy-sammy-lees-shaftesbury-stake/..
Competitors like to write off little old Betaville but this website was punching above its weight in 2019, landing a series of exclusive genuine "scoops" throughout the year...
Oh look - I see Capital & Counties late last week confirmed Betaville's part 13 and part 14 RARE Alerts about the imminent sale of Earls Court to Jamie Ritblat's Delancey. Below is a link to the announcement:..
Capital & Counties, the London-listed property company, is on the verge of announcing a sale of its Earls Court site to Delancey for £370 million but has received an eleventh hour £100 million higher offer from a mystery consortium backed by the Hong Kong-based Kwok family...
Capital & Counties, the London-listed property company, is said to be close to striking a deal to sell some or all of the business.
People following the situation said an anouncement about a transaction could be made in the next few days although it isn't clear whether the deal is just for company's troubled Earls Court site in London or the whole company, which includes Covent Garden...
So, it would appear Saudi Arabia's Public Investment Fund isn't involved in Nick Candy's £2.3 billion takeover bid for Capital & Counties after all.
According to some sources familiar with the matter, the Saudi Arabian ambassador to the United Kingdom has just written to the residents of Gibbs Green and West Kensington to let them know that "I have been informed there is no involvment from the Saudi Public Investment Fund"...
Is Nick Candy planning to turn the former exhibition centre at Earls Court into a new stadium for Chelsea Football Club?
The reason I posit this question is because reliable sources have been in touch with Betaville claiming the well-known developer was looking at such a plan several years ago when he first started examining a takeover bid of Capital & Counties...