HgCapital Trust Plc makes investment in F24 AG

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HgCapital Trust Plc makes investment in F24 AG

HgCapital Trust Plc (LON: HGT) has informed about an investment in F24 AG.

  • The company has become the main shareholder after the acquisition of stake from current majority owner, Armira.
  • The company will invest around £11 million in F24 AG, with other institutional clients of the company investing along with it through the Hg Mercury 2 Fund.
  • The Transaction marks the end of a successful first phase in F24, an investment in the pan-European sector leader for emergency notification, crisis & incident management and critical communications, buy-and-build strategy.
  • On 7th July 2020, at the time of writing, GMT 12:03 PM, HGT shares were trading at GBX 240.50, down by 3.00 points or 1.23% against the previous day closing price.

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