Abrdn seeks to raise cash for acquisitions

abrdn logo

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue