UPDATE 1-Nicholas Candy's firm mulls possible offer for UK property group Capco - Reuters:
Candy Ventures, an investment vehicle of luxury property developer Nicholas Candy, said on Monday it was in early talks for a possible cash offer for property manager Capital & Counties Properties Plc (Capco).
UK-based Capital & Counties has a market value of about 2.1 billion pounds ($2.71 billion).
Capco could not be immediately reached for comment outside regular market hours. Shares of the company rose 5.5% to 263.5 pence in early trading.
Candy Ventures confirmed on Monday that it was in the early stages of considering an offer for Capco, following a report from The Times that Candy brothers, Nick and Christian Candy, have held early stage talks with Saudi Arabia’s Public Investment Fund about a joint move on Capco.
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