Brookfield wins battle for Tritax as Segro declines to up bid

(Sharecast News) - The battle for warehouse owner Tritax EuroBox looks over after Segro said it would not up its offer, leaving Canadian investment firm Brookfield as the winner subject to shareholder approval.

Segro also said it would buy a portfolio of six Tritax EuroBox assets from Brookfield following completion of the Brookfield offer for €470m.

Brookfield last month agreed terms to buy Tritax for £1.1bn weeks after the European real estate investment trust backed an offer from warehouse giant Segro.

Reporting by Frank Prenesti for Sharecast.com