Specialist investment firm Laxey Partners will move to allow shareholders to exit the £124.3m Baring...
Specialist investment firm Laxey Partners will move to allow shareholders to exit the £124.3m Barings Emerging Europe investment trust if its three nominees are elected to the board. In a letter to BEE shareholders, the latest shot in a bid to take control of the trust, Laxey director Colin Kingsnorth said Laxey also plans to reconstruct the BEE trust as a closed-end fund. Laxey held 10.63% of BEE's share capital at 9 August and is seeking to have Kingsnorth and fellow Laxey director Rupert Lea appointed to BEE's five-member board at the trust's AGM on 23 September. It is also seeking...
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