As of June 30, Norway’s sovereign‑wealth fund held 8.3% of Segro and 1.3% of Prologis. Norges Bank Investment Management urged Prologis and Segro boards to enter talks over a possible merger.

Segro 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. It said it was open to engaging further if an improved offer were made.

Segro said the most recent bid failed to reflect the quality and long‑term prospects of the company, noting that its growth strategy and standalone prospects offered better value for shareholders.

Norges Bank Investment Management said that as a long‑term shareholder in both companies, it understands the strategic rationale for a combination and believes the proposal merits consideration.