IN BRIEF: GCP Infrastructure invests in electric vehicle sector

Tue, 09th May 2023 11:11

GCP Infrastructure Investments Ltd - Jersey-based investment fund focused on UK infrastructure projects - Invests GBP10.5 million in the electric vehicle sector in the first quarter of 2023. Includes an investment of GBP7.3 million through a senior loan to finance the purchase of a fleet of electric taxis, as well as a follow-on investment of GBP3.2 million to grow an existing fleet.

Confirms net asset value at March 31 was 112.24 pence per share, down from 113.59p on December 31.

Current stock price: 93.06 pence, up 0.7%

12-month change: down 19%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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