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Shaftesbury Capital PLC - real estate investment trust formed from merger of Capital & Counties Properties PLC and Shaftesbury PLC - Confirms it is in advanced discussions with Norges Bank Investment Management over a potential partnership in relation to its Covent Garden portfolio. Says Covent Garden, in the West End of London, was independently valued at £2.7 billion as at December 31. Shaftesbury anticipates that such a transaction, if completed, would result in Norges Bank becoming a 25% shareholder in the Covent Garden portfolio. Says it would retain control and management of the portfolio. The deal would position Shaftesbury strongly to pursue further long-term value creation and growth opportunities across its portfolio, it says. There is no certainty that any transaction will be agreed, Shaftesbury warns. Stock price in Johannesburg: R 27.52 12-month change: down 15% Stock price in London: 117.90 pence 12-month change: down 13% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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