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GIMB — Gimv NV News Story

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Gimv tracks for best day in over 6 years after 'solid' H1 results

BUZZ-Gimv tracks for best day in over 6 years after 'solid' H1 results

** Shares in Gimv GIMV.BR rise 5.6% after the Belgium-based private equity firm posted strong H1 results

** Half-year sales and EBITDA growth were respectively up 8% and 12%, performance which KBC Securities deems "solid"

** Portfolio result of €199 million and a 9.4% return (18.8% annualized) exceeds the company's long-term target, the broker adds

** New Anchor investment of over 6% in Azelis AZE.BR further strengthens the platform, it says, and liquidity remains comfortable

** "Overall, these results reinforce our constructive stance," KBC adds

** Shares are on track for their best day since March 2020, if gains hold


(Reporting by Olivier Cherfan)

((olivier.cherfan@thomsonreuters.com))

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