HgCapital Trust Plc to sell Eucon Group

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HgCapital Trust Plc to sell Eucon Group

 

HgCapital Trust Plc (LON: HGT) is going to sell Eucon Group to a leading German insurance group, VHV Group.

  • Though, the terms of the transaction were not disclosed but it values HGT's investment in Eucon at around £11.5 million.
  • The valuation represents an improvement of £3.9 million over the carrying value of £7.6 million in the NAV (Net Asset Value) of HGT as at 31 August 2020.
  • On 6 November 2020, the stocks of the company surged by 2.58% from its previous closing, hovering at around GBX 298.50 at 09:40 AM GMT+1.

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