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GCP Infra Invt Shs GBP ( (GB:GCP) ) has shared an announcement.
GCP Infrastructure Investments Ltd announced the disposal of its interests in two operational onshore wind farms, totaling a generating capacity of 28MW, to OnPath Energy. This transaction aligns with GCP Infra’s capital allocation policy, aiming to reduce leverage and equity exposure to merchant electricity prices while facilitating a £50 million return to shareholders through share buybacks. The successful disposal underscores the company’s commitment to recycling capital from its assets and achieving attractive risk-adjusted returns for shareholders.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd (GCP Infra) is a closed-ended investment company and a constituent of the FTSE-250, with shares traded on the London Stock Exchange. The company aims to provide shareholders with long-term distributions through investments in UK infrastructure debt and related assets, primarily focusing on projects with public sector-backed, availability-based revenues. GCP Infra is recognized for its contribution to positive environmental outcomes and is advised by Gravis Capital Management Limited.
YTD Price Performance: 1.69%
Average Trading Volume: 1,174,913
Technical Sentiment Consensus Rating: Buy
Learn more about GCP stock on TipRanks’ Stock Analysis page.
