GCP Infrastructure and GABI cease tie up talks

20 Sep 2023 CW Team

GCP Infrastructure Investments has announced the termination of discussions regarding a proposed merger with GCP Asset Backed Income Fund (GABI). This decision comes after GCP Infra had previously disclosed an agreement to acquire GABI's assets and had been engaged in discussions with RM Infrastructure Income regarding a potential combination. The primary objective of these proposals was to enhance liquidity in GCP Infrastructure's shares and expand its investment strategy.

In a statement released on Monday, GCP Infrastructure clarified that its board has no intention of creating an enlarged entity if a significant minority of investors in that entity are opposed to it. This development marks a shift in the company's strategic direction and future plans.

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