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British landlord LondonMetric Property will acquire London-based real estate investment trust LXI in a deal valued at 1.9 billion pounds , the companies said on Thursday.
Stocks in London are tipped for a strong start on Thursday, as global equity markets benefit from optimism ahead of the US inflation print later in the day.
By Joe Hoppe LXI REIT and LondonMetric Property said they have agreed to a merger, with LondonMetric buying LXI in shares, valuing the latter at around 1.9...
LondonMetric Property PLC and LXi REIT PLC on Thursday said they have agreed to an all-share merger that will create the UK's fourth largest real estate investment trust.
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The FTSE 100 closed down 1% Thursday weighed by the banking sector after Barclays noted a challenging end to 2023 for its investment banking division, while Citigroup also warned of a similar... -January 11, 2024 at 12:46 pm EST - MarketScreener