abrdn European Logistics Plans Managed Wind-Down

abrdn European Logistics Income PLC (GB:ASLI) has released an update.

abrdn European Logistics Income PLC has concluded a strategic review, leading to a decision to undertake a managed wind-down to maximize shareholder returns, after considering factors like shareholder value, potential offeror feedback, and a favorable macroeconomic backdrop. The wind-down process involves a portfolio disposal expected to be largely completed by Q2 2025, with capital returns to shareholders commencing from Q4 2024. This decision comes despite substantial interest in the company and its logistics assets, and the Board recommends shareholders to vote against the company’s continuation at the upcoming Annual General Meeting.

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