ATST Alliance Trust Plc

 
TIDMATST 
 
 
   Sale of Private Equity Assets 
 
   Alliance Trust PLC today announces a further simplification of its 
investment portfolio by agreeing the conditional sale of certain 
non-core holdings in private equity assets to global asset manager 
PineBridge Investments. The sale of these private equity holdings is 
aligned with the Trust's previously announced strategy to realise value 
from its non-core assets in order to focus on its global equity 
portfolio. 
 
   As at the half year (30 June 2018) the holdings being sold accounted for 
less than 3% of the total investment portfolio at that time. The total 
price payable under the sale agreement for all of the assets is at a 
small discount to their combined Net Asset Values. Once the sale is 
completed, the Trust will remain invested in only a small number of 
private equity holdings, the total value of which as at the half year 
was GBP13.4m. 
 
   For further information, please contact:- 
 
 
 
 
Alliance Trust PLC 
Tel. +44 (0)1382 321010 
 
 
 
 
 

(END) Dow Jones Newswires

October 04, 2018 09:11 ET (13:11 GMT)

Alliance (LSE:ATST)
Historical Stock Chart
From Jun 2024 to Jul 2024

Alliance (LSE:ATST)
Historical Stock Chart
From Jul 2023 to Jul 2024