Brief: Alliance Trust To Sell Certain Non-Core Holdings In Private Equity Assets

Alliance Witan

04/10/2018 14:18

Oct 4 (Reuters) - Alliance Trust PLC  ATST.L :
    * SALE OF PRIVATE EQUITY ASSETS
    * AGREES CONDITIONAL SALE OF CERTAIN NON-CORE HOLDINGS IN
PRIVATE
EQUITY ASSETS TO GLOBAL ASSET MANAGER PINEBRIDGE INVESTMENTS
    * TOTAL PRICE PAYABLE UNDER SALE AGREEMENT FOR ALL OF ASSETS
IS AT
A SMALL DISCOUNT TO THEIR COMBINED NET ASSET
    * ONCE SALE OF NON CORE HOLDINGS IS COMPLETED, TRUST WILL
REMAIN
INVESTED IN ONLY A SMALL NUMBER OF PRIVATE EQUITY HOLDINGS

Source text for Eikon:  ID:nGNE4pSD9p 
Further company coverage:  ATST.L 

 ((Reuters.Briefs@thomsonreuters.com;))