26th Aug 2016 17:13
LONDON (Alliance News) - Ashmore Global Opportunities Ltd Friday said its net asset value rose in the first half of 2016, helped by a mark-up in the value of its investment AEI.
The company's net asset value per share rose to USD5.17, compared to USD5.03 a year before and up from USD5.06 at the end of 2015.
This was due to a jump in the value of AEI due to the sale of its Fenix power plant in Peru in December 2015.
Ashmore made no new realisations during the period, it said. It is working on the sale of its remaining assets, particularly its three largest exposures, Bedfordbury, Microvast and AEI. It remains confident that other realisations are "likely to occur" during 2017, it said.
Shares in Ashmore Global Opportunities were untraded Friday, they last closed at EUR6.00.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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