UK's Capco buys 26% stake in rival Shaftesbury for 436 million pounds
Share:
(Reuters) - British property manager Capital & Counties Properties said on Monday it had sealed the purchase of Hong Kong tycoon Samuel Tak Lee's 26.3% stake in central London rival Shaftesbury for 436 million pounds. Capco said the stake was being bought from Veloqx, a trust fund set up by Tak Lee, at a price of 540 pence per share.