1154 GMT - WDP's merger with Argan ticks all the boxes financially, ING analyst Francesca Ferragina writes in a note. French warehouse specialist Argan and Belgian peer WDP agreed to create a 13 billion euros logistics real estate company through an all-share merger. The transaction doesn't represent any execution risk as all key shareholders unanimously supported the deal, Ferragina says. The merger also makes sense both strategically and financially, she adds. Through the deal, WDP is set to become the third-largest European logistics company behind rivals Prologis and CTP. This merger is another sign that scale is growing in importance in the European logistics sector, as seen in Prologis's pursuit to acquire Segro, the analyst says. Argan shares are up 15.3% and WDP shares are down 2.1%. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 07:54 ET (11:54 GMT)

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