Financial Times FT.com

Segro eyes deeply discounted rights issue

ByDaniel Thomas and Neil Hume

Published: February 27 2009 19:37 | Last updated: February 27 2009 19:37

Segro is poised to become the latest property company to ask shareholders to support a deeply discounted rights issue to raise more than £300m next week.

The company is planning to reveal a fully underwritten cash call midweek to raise between £300m and £400m, almost matching its market capitalisation of £427m.

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