UK's Picton says LondonMetric, Schroders agree to $546 million takeover offer

Picton Property Income

12/05/2026 07:37

May 12 (Reuters) - Britain's Picton Property Income PCTN.L said on Tuesday that LondonMetric Property LMPL.L and Schroder Real Estate Investment Trust SREI.L agreed to the terms of a non‑binding, 403 million pounds ($546.4 million) all‑share offer to buy Picton.

($1 = 0.7376 pounds)

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com;))