Infrastructure News

GCP Infrastructure and GABI cease tie-up talks, Infra News, ET Infra

[ad_1]

<p>Representative Image</p>
Representative Image

LONDON: GCP Infrastructure Investments said on Monday it is no longer in discussions on a proposed tie-up with GCP Asset Backed Income Fund (GABI).

GCP Infra said last month it had struck a deal to acquire the assets of GABI and was in talks with RM Infrastructure Income 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.”

  • Published On Sep 19, 2023 at 08:29 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Get updates on your preferred social platform

Follow us for the latest news, insider access to events and more.

[ad_2]

Source link