AVI Global Trust

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AVI Global Trust (LSEAGT) is a large London-based British investment trust dedicated to investments in companies trading at a discount to Net Asset Value. Established as British Empire Trust in 1889, the company is a constituent of the FTSE 250 Index. The Chairman is Susan Noble.

The firm's recent history dates to 1985, when Asset Value Investors, an employee-owned management company was established to manage the firm, then valued at £6 million.[1]

Its goal of acquiring firms under NAV has led it to attempt takeovers of other investment trusts trading at a discount. In 1986 the company acquired Ashdown Investment Trust for £66 million.[2] In 1989 it mounted a hostile takeover bid for Schroder Global Trust.[3] In 1995 it acquired the Selective Assets Trust (formerly the Edinburgh Assets Trust)[4] for £42 million.[2] It changed its name from British Empire Trust to AVI Global Trust in May 2019.[5]

References[edit]

  1. ^ Asset Value Investors
  2. ^ a b AVI Global Trust: History
  3. ^ Schroder and British Empire set to lock horns in bid battle Glasgow Herald, 4 February 1989
  4. ^ Edinburgh Assets Trust Oldest Scottish Companies
  5. ^ "Goodbye British Empire as old trust investor changes name". Citywire. 24 May 2019. Retrieved 11 June 2019.

External links[edit]