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SVG Capital confirms proposal

05 October 2016 14:33

SVG Capital has received a proposal from certain investment funds managed by Goldman Sachs Asset Management's Alternative Investments & Manager Selection Group and certain investment entities managed by Canada Pension Plan Investment Board for the acquisition of 100% of SVG's investment portfolio. The proposal is being evaluated urgently by the company and the board will update the market as soon as possible. The board continues to recommend that shareholders do not accept HarbourVest Bidco's offer.

At 2:33pm: (LON:SVI) SVG Capital Plc share price was -4.75p at 669.25p

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