Albion VCTs Consider Cost-Saving Mergers

Albion Enterprise VCT (GB:AAEV) has released an update.

The boards of the Albion Venture Capital Trusts (VCTs) are in discussions about potentially merging their funds, which could lead to increased cost efficiency and simplified administration if approved by shareholders. The proposed mergers would involve specific pairings of acquirer and target VCTs, with the process being carried out under section 110 of the Insolvency Act 1986. Shareholders’ formal approval is necessary, and further updates will be provided as the talks progress.

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