Dutch pension fund APG Group has called on fellow shareholders in US logistics company Prologis European Properties (PEPR) to support its plea for corporate-governance changes ahead of a key shareholder vote, various media sources reported last week.
Dutch pension fund APG Group has called on fellow shareholders in US logistics company Prologis European Properties (PEPR) to support its plea for corporate-governance changes ahead of a key shareholder vote, various media sources reported last week.
APG sent a letter to fellow shareholders in PEPR urging them to block a possible attempt by the fund to raise additional equity unless its allows shareholders to change its manager through a vote.
PEPR is managed by Prologis, the Denver-based real-estate investment trust (REIT) that created Prologis European Properties as a fund in 1999 and took it public in 2006.
