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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abrdn European Logistics Income Plc | LSE:ASLI | London | Ordinary Share | GB00BD9PXH49 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.20 | -0.34% | 59.00 | 59.40 | 60.00 | 60.40 | 59.40 | 59.40 | 390,646 | 16:35:17 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 36.6M | -18.44M | -0.0447 | -13.29 | 244.83M |
From May 2019 to May 2024
TIDMASLI
RNS Number : 9893H
Aberdeen Standard Eur Lgstc Inc PLC
09 December 2020
09 December 2020
Aberdeen Standard European Logistics Income PLC
LEI: 213800I9IYIKKNRT3G50
Investment Manager Acquisition
The Board of Aberdeen Standard European Logistics Income PLC ("ASLI" or the "Company") notes the announcement made by the Company's investment manager, Aberdeen Standard Investments (the "Investment Manager"), in relation to the planned acquisition of a 60 per cent. ownership interest in Tritax Management LLP ("Tritax").
Tritax is a specialist logistics real estate fund manager with GBP5.1 billion assets under management throughout the UK and Europe. Among its mandates, Tritax manages two listed industrial logistics funds, Tritax Big Box REIT plc and Tritax EuroBox plc.
The transaction is part of the Investment Manager's increased focus on logistics as a critical area of the real estate market and is expected to close in early 2021, subject to the receipt of regulatory approvals and satisfaction of customary closing conditions.
Tony Roper, Chairman of the Company, commented:
"The Board view the Investment Manager's acquisition of Tritax as a positive development in further enhancing their already deep logistics real estate expertise. Over the coming months, the Board will assess the expected impact of this acquisition on the Company's investment management arrangements and will provide a further update to shareholders in Q1 2021".
For further information:
Aberdeen Standard Fund Managers Limited +44 (0) 20 7463 6000
Luke Mason
Gary Jones
Investec Bank plc +44 (0) 20 7597 4000
Dominic Waters
Neil Brierley
Will Barnett
Alice Douglas
David Yovichic
Denis Flanagan
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(END) Dow Jones Newswires
December 09, 2020 02:00 ET (07:00 GMT)
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