StockMarketWire.com - HgCapital Trust said its manager Hg had sold a portion of its investment in Norwegian software business Visma Group to the Canada Pension Plan Investment Board.

Terms of the transaction were not disclosed. However, HG said it would realise estimated cash proceeds of around £21.7m.

Hg's remaining holding in Visma, owned through its managed funds, would be worth £131.9m after the deal's completion.

Prior to completion, HG said said the deal valued its investment in Visma at around £153.6m, representing an uplift of around 10% in the net asset value of the company at 30 November.

Hg, through its managed funds, would remain Visma's biggest shareholder after the sale.




At 1:06pm: [LON:HGT] HG Capital Trust PLC share price was +10p at 1985p



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