Prologis, the US-based real estate group, plans to acquire SEGRO, a London-listed company, in a deal valued at $18.8 billion.

$18.8 billion

The proposed acquisition value of SEGRO by Prologis.

The takeover bid from Prologis is also reported at £14 billion. SEGRO has recommended the takeover bid from Prologis.

Prologis made its final approach for SEGRO last month.