A major British real estate giant, Segro, is on the verge of being acquired by American warehouse titan Prologis in a £14 billion deal—marking one of London’s biggest foreign takeovers. With prized data center assets like its Slough facility, Segro’s board is leaning toward accepting Prologis’s “best and final” offer, which blends stock and cash. The deal reflects a broader trend: since 2023, over £165 billion worth of UK firms have been bought by overseas investors, raising questions about whether London is losing control of its own corporate giants despite government efforts to keep them home.
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