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UK's Capco and Shaftesbury in talks about $4 billion merger, Sky News reports

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London's West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on Saturday.

The companies are in detailed discussions about an all-share tie-up that could be announced within weeks,As of November, Shaftesbury owned about 600 buildings in the heart of London's West End, which includes

Carnaby Street and Chinatown.In June 2020, Capital & Counties Properties bought a 26.3% stake in Shaftesbury from Hong Kong tycoon Samuel Tak Lee for 436 million pounds .Register now for FREE unlimited access to Reuters.com

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