Brexit chaos claims London fund listing

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By Sam Kerr
29 Jan 2019

The £200m ($262.56m) listing of Global Sustainability Trust, a London socially responsible investing (SRI) private equity vehicle, has been postponed due to negative market conditions — primarily the political chaos surrounding the UK’s exit from the European Union (EU).

JP Morgan was the sole bookrunner on the deal, which involved selling shares at £1 per new share. The offering had been scheduled to be priced in November but was delayed twice — originally to December 2018 and then to January.

The investment trust, managed by Aberdeen ...

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