By Anthony O. Goriainoff
Abrdn European Logistics Income said it was engaging with a number of parties after receiving some preliminary and non-binding proposals in response to its strategic review exploring a possible sale or merger.
In November the company launched a review into its future which it said could result in its sale, or a merger with another company as it was facing a number of company-specific and wider challenges.
The London-listed investment trust, which invests in European logistics real estate, said Monday the board had decided to forego declaring a fourth interim dividend for the quarter ended Dec. 31.
“Subject to the outcome of the strategic review, the board intends to recommence dividend payments in line with the company’s standard dividend timetable,” it said.
Abrdn European Logistics Income said this decision was taken in light of the initial response to its strategic review as it was “keen to ensure that the company is optimally positioned, and that it maintains the maximum flexibility, to allow it to advance any particular proposal.”
Shares at 0816 GMT were up 1.80 pence, or 3%, at 62.30 pence.
Write to Anthony O. Goriainoff at [email protected]
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