GCP Infra Invt Shs GBP (GB:GCP) has released an update.
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GCP Infrastructure Investments Ltd is advancing its capital recycling programme, aiming to reduce leverage and enhance shareholder returns amidst a brighter investment climate in 2024. Despite past challenges with rising interest rates and inflation, the company reports robust cash flows and promising dividends, although its shares trade at a 26% discount to net asset value. GCP is restructuring its investment portfolio to reduce reliance on merchant power prices and exit legacy investments, positioning itself to seize emerging opportunities.
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