db Symmetry acquired in £370m deal - Autonomous Group

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db Symmetry acquired in £370m deal

25/1/2019


Tritax has agreed a deal worth £370m to acquire an 87% stake in logistics development company db Symmetry. The large land portfolio for the development of big box assets comes from over 20 years in the business. As a result of the agreement, senior management at db Symmetry retain a 13% stake. Tritax proposes raising approximately £250m to fund the deal.

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