(Alliance News) - SME Credit Realisation Fund Ltd said Friday it will pursue the potential sale of a small portion of its assets, as opposed to the sale of a majority of its loans, due to it not being in the interest of shareholders at this time.
In October 2019, SME Credit said it had started an auction process which could result in the sale of part or all of its loan books held by the company.
Looking ahead, SME Credit said it will continue to appraise future opportunities to realise investments in line with its policy, which could involve selling parts of its portfolio.
Shares in SME Credit Realisation closed down 1.4% at 83.14 pence on Friday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.