GCP Asset Backed Income launches strategic review after failed merger

Cash offer withdrawn

Valeria Martinez
clock • 3 min read

GCP Asset Backed Income (GABI) has launched a strategic review to consider “all options” for the future of the trust, following its failed merger with GCP Infrastructure earlier this year.

In a stock exchange notice today (13 December), the board said options would include undertaking some form of consolidation, combination, merger or comparable corporate action, selling its entire issued share capital and selling all or substantially all assets. An orderly wind-down is also being considered, as well as the continuation of the trust under its current investment policy, alongside potential cash exit opportunities for shareholders. The cash option could include a one-off event or at regular intervals through one or more share repurchases, tender offers or the creation of ...

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