ARGAN and WDP join forces to create a €13 billion European logistics champion through a friendly all-share merger.
The proposed merger between ARGAN, France’s leading logistics REIT, and WDP, its European counterpart, would unlock a platform spanning 8 countries, drive accretive growth and deliver immediate value for both shareholder groups.
Today, ARGAN and WDP signed a merger agreement and the merger terms pursuant to which ARGAN would merge into WDP, through an all-share cross-border merger.
The merger is unanimously supported by the Boards of both companies and by the key reference shareholders: the Le Lan family, the Jos De Pauw family and Crédit Agricole Assurances, through its subsidiary Predica. Separate voting commitments represent ~52% of ARGAN’s and ~19% of WDP’s voting rights.
For further information, the press release with this information is available.
