Norges Bank investment Management, the arm of Norway’s central bank that manages the country’s $2.3 trillion sovereign-wealth fund, urged the boards of Prologis PLD -1.54%decrease; down pointing triangle and Segro to enter talks over a possible merger.
Segro on Monday rejected a sweetened third takeover offer from U.S. industrial real-estate company Prologis that valued the British peer at around 13.5 billion pounds, equivalent to $18.13 billion, but said it was open to engaging further if an improved offer were to be made.
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