Abrdn seeks to raise cash for acquisitions

By David Parsley2022-01-12T07:41:00

Investment group abrdn European Logistics Income is launching another fund raising to help fund its acquisition pipeline.

Following the deal to buy a Madrid last-mile logistics portfolio for €227m (£189m) and the resultant deployment of the £125m over-subscribed September equity raise, the company is launching a placing at 110p per share in order to meet expected near-term funding requirements and to take advantage of further pipeline opportunities.

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