By Kira Nickerson Foreign & Colonial Investment Trust is expected get a small uplift to its NAV due...
By Kira Nickerson Foreign & Colonial Investment Trust is expected get a small uplift to its NAV due to HypoVereinsbank putting the investment group on the market. In an announcement last week, the German bank said it will remain Foreign & Colonial's largest client but it no longer wants to be the majority shareholder in the group. HypoVereinsbank has appointed Donaldson, Luftin & Jenrette International to review a range of strategic alternatives in relation to its shareholding in the group. F&C Investment Trust has a 10% stake in Foreign & Colonial and as a result, analysts expect the t...
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