Slaughter and May advised SEGRO plc on a placing of approximately 7.5% of its existing ordinary share capital
Slaughter and May advised SEGRO plc on a placing of approximately 7.5% of its existing ordinary share capital to raise gross proceeds of approximately £680 million. The placing, which was announced on 9 June, was conducted in part through an accelerated book-building process for institutional investors, with Merrill Lynch International and UBS AG London Branch acting as joint bookrunners and corporate brokers. Alongside this accelerated bookbuilding process, SEGRO made an offer to retail investors in the United Kingdom to participate in the placing via the PrimaryBid platform.
Slaughter and May, working as an integrated team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, supported SEGRO’s in-house team, Elizabeth Blease (General Counsel & Company Secretary) and Stephanie Murton (Legal Counsel).