IN BRIEF: DL Invest seeks info on abrdn European Logistics liquidation
abrdn European Logistics Income PLC - London-listed property investor - Investor DL Invest Group SA formally requests "a comprehensive, evidence-based explanation of the board's oversight" of abrdn's managed wind-down. Notes the February 2024 circular which said the process could be completed within two years. Says the board's January description of the wind-down as advanced and approaching completion conflicts with abrdn's final asset remaining unsold and continued operating, management, advisory and liquidation costs, as "capital remains exposed to further erosion." abrdn in January said it expected remaining disposals to complete "over the coming months". Read More