Segro gets approval for secondary listing on Euronext Paris

Property investment and development company Segro said on Friday that it has received approval for a secondary listing on Euronext Paris as it looks to maintain an efficient holding structure at end of the Brexit transition period.

Admission is expected to take place on or around 24 November.

"The secondary listing reflects the growth and importance to the company of its Continental European investor base and operations," Segro said.

It noted that it manages a €6.2bn portfolio in Continental Europe and said the secondary listing will ensure that it can maintain "an optimum and efficient holding structure in respect of these assets following the end of the Brexit transition period on 31 December 2020".

Segro will not issue any new shares or any other securities in connection with the secondary listing.