Custodian Property Income REIT PLC and abrdn Property Income Trust Ltd on Friday said they have agreed to an all-share merger to create a real estate investment trust with combined assets of GBP1.0.
2023 is proving to be the year of investment trust mergers, with two more announced today that are the fourth for trust managed by Abrdn PLC (LSE:ABDN).
Asia Dragon Trust PLC on Wednesday said it has completed its takeover of New Dawn Investment Trust PLC, where it will buy GBP215 million in assets.
Under the plan, abrdn New Dawn has been wound up,.
abrdn New Dawn Investment Trust and Asia Dragon Trust complete merger lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Asia Dragon Trust PLC on Friday said it was optimistic about Asia s outlook, emphasising India s housing market, despite noting a soft performance in China.
The investor in Asian equity markets said.