Fitch Places Segro on Rating Watch Evolving Amid Takeover Offer from Prologis

03:38 AM EDT, 08/10/2026 (MT Newswires) -- Fitch Ratings placed the BBB+ long-term issuer default rating of Segro (SGRO.L) on Rating Watch Evolving, citing Prologis' (0KOD.L) all-share takeover offer of 14 billion pounds sterling for the company. In an Aug. 7, 2026, note, the rating agency said the resolution of the rating watch would require more information on the final capital structure and strategy of the targeted UK logistics property company. Fitch said the resolution could take more than six months, with the merger transaction expected to be completed in the first half of 2027.