Foresight VCT, Foresight 2 VCT Consider Merger

Mon, 08th Jun 2015 15:08

LONDON (Alliance News) - Foresight VCT PLC and Foresight 2 VCT PLC Monday said they are considering a merger, with talks already underway.

"If the merger proceeds it would be expected to achieve significant cost savings through the establishment of a single, enlarged VCT with net assets of approximately GBP110 million," the companies said in a statement.

Shares in Foresight VCT were flat at 85.00 pence on Monday afternoon, while shares in Foresight VCT 2 were flat at 41.50p.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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