Gabi Up After Tie: up talks with GCP infrastructure cease

GCP Asset Backed Income Fund

18/09/2023 10:03

** Shares of GCP Asset Backed Income Fund (GABI)  GABIG.L 
up 7.3% at 62p - biggest one-day pct gain in nearly three years
    ** GABI among biggest pct gainers on London stocks
    ** GCP Infrastructure Investments  GCPI.L  is no longer in
discussions on a proposed tie-up with GABI
    ** The investor in UK infrastructure projects last month had
struck a deal to acquire GABI's assets and was in talks with RM
Infrastructure Income  RMII.L  about a potential combination
    ** The proposed deal between the two investment funds would
have resulted in the shareholders of GABI taking a stake in GCP
Infra
    ** More than 401,000 shares traded vs its 30 day moving avg
of ~865,000 shares
    ** Up to Friday's close, stock down ~26% YTD

 (Reporting by Khushi Mandowara in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com;))