GCP Student Living PLC - London-focused student accommodation investor - Company's takeover by Gemini Jersey JV LP is sanctioned by High Court of Justice in England and Wales, the last condition for the acquisition to be satisfied.
GCP agreed to a GBP969 million takeover back in July from a consortium which includes student accommodation provider Scape Living and also iQSA Holdco. Scape is funded by funds managed by APG, an investor in GCP, and iQSA by funds advised by Blackstone.
GCP Student Living is now expected to delist from the London Stock Exchange on Wednesday next week.
Current stock price: 212.50 pence
Year-to-date change: up 48%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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