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Evening Standard
Evening Standard
Business
Michael Hunter

Latest London take-out deal for Lok'nStore adds to valuation fears as overseas buyers circle stock market

London Stock Market United Kingdom Wael Sawan Shell

Another international deal to take a UK company off London’s stock market was struck today, highlighting worries across the City that inherently low valuations are turning the square mile into a bargain basement.

 Lok’nStore became the latest target of a high-premium overseas buyout, in a bid from Belgian rival Suregard valuing the temporary storage firm’s stock at £378 million.

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