27th Nov 2013 14:49
LONDON (Alliance News) - HgCapital Trust PLC Wednesday said that its fund manager has informed it that it has acquired independent privately-owned vehicle management group, Leasedrive.
HgCapital Trust is contributing about GBP14.6 million towards the buy, alongside investors in the HgCapital 6 fund.
The trust said that following the transaction, its outstanding commitment to HgCapital funds will be about GBP278 million.
Shares in HGCapital Trust were flat Wednesday afternoon, trading at 1,084.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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