GCP Infrastructure and GABI cease tie-up talks
18/09/2023 07:23
LONDON, Sept 18 (Reuters) - GCP Infrastructure
Investments GCPI.L said on Monday it is no longer in
discussions on a proposed tie-up with GCP Asset Backed Income
Fund (GABI) GABIG.L
GCP Infra said last month it had struck a deal to acquire
the assets of GABI and was in talks with RM Infrastructure
Income RMII.L about a potential combination. The proposals
aimed to boost liquidity in the company's shares and expand GCP
Infra's investment strategy, it said.
On Monday, GCP Infrastructure said in a statement that its
board had no desire "to create an enlarged entity with a
significant minority of investors in such entity opposed to it."
(Reporting by Tom Wilson; editing by Dhara Ranasinghe)
((T.Wilson@thomsonreuters.com; Twitter: @tomwilson1983; Reuters
Messaging: t.wilson.thomsonreuters.com@reuters.net))