UK's Harworth gets $784 million takeover bid from top investor Peel Holdings

Harworth

06/08/2026 08:28

    Aug 6 (Reuters) - Peel Holdings has offered to buy British
land and property regeneration company Harworth Group  HWG.L  in
a deal valuing the London-listed firm at about £582.9 million
($784.41 million), the real estate investor said on Thursday.
    Peel Holdings, part of British businessman John Whittaker's
Peel Group, is the largest shareholder at Harworth with a nearly
30% stake. 
    Here are some more details:
    * Peel Holdings is offering 172.5 pence in cash per Harworth
share for the shares it does not already own.
    * Shares in Harworth were up 21% at 174 pence as of 0708
GMT.
    * The offer represents a premium of about 20.1% to
Harworth's closing share price on August 5.
    * Peel Holdings said it believes Harworth's assets would be
"best owned, managed and developed" under full private
ownership.
    * Harworth owns and manages a portfolio of assets comprising
modern industrial and logistics investment properties and land
holdings in the North of England and the Midlands.

    ($1 = 0.7431 pounds)

 (Reporting by Neeshita Beura in Bengaluru; Editing by Janane
Venkatraman)
 ((Neeshita.Beura@thomsonreuters.com))