Shurgard - EUR 441m take-over bid of Lok'n Store Group
• SHUR announces a EUR 441m takeover of Lok'n Store.• The bid comes in at 1,110 pence per share (16% premium on last close).• The company hosts a conference call today at 10:00 am CET.More details in our Note issued this morning.Shurgard Self Storage SA, formerly known as Shurgard Self Storage Europe SARL, is a Luxembourg-based company, which serves as a provider of warehousing and self-storage services. The Company operates a number of self-storage facilities in Europe with over 200 self-storage centers. Shurgard's activity is organized around two areas: leasing of storage spaces for companies and individuals and other related services. Additionally, the Company also offers self-storage insurance specially designed for its clients. Apart from the Luxembourg, the Company also operates in the Netherlands, France, Sweden, the United Kingdom, Belgium, Germany and Denmark. The company is partly owned by Public Storage, an owner and operator of self-storage facilities with a range of stores in the United States.
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