Gravis trusts GCP Infra and GCP Asset Backed Income end merger talks

Continuation vote introduced for GABI

Valeria Martinez
clock • 2 min read

Merger talks between the GCP Infrastructure and GCP Asset Backed Income (GABI) trusts, both managed by Gravis, have been terminated after a number of shareholders expressed opposition to the move.

In a stock exchange notice today (18 September), the GABI board said that the decision to terminate discussions came after a "significant minority of shareholders" said they were not supportive of the proposed merger.  "Whilst the board negotiated, structured and proposed the scheme considering the best interests of shareholders, the board recognises the feedback received from certain shareholders. As a consequence, it is right that we cease our discussions with GCP Infra," said Alex Ohlsson, GABI chair.  GABI and GCP Infra had also been having discussions with the RM Infrastructure t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts