Nippon Active Value nears £300m in assets following double merger

Atlantis Japan Growth and abrdn Japan

The Nippon Active Value trust (NAVF) now holds nearly £300m assets following its merger with Atlantis Japan Growth (AJG) and abrdn Japan (AJIT).

Following shareholder approval for the schemes of reconstruction of AJIT and AJG today (10 October), NAVF will acquire approximately £118.4m, resulting in total net assets of £293.8m.  This makes the trust the second largest in the AIC Japanese Smaller Companies sector, trailing only Baillie Gifford Shin Nippon, which holds £522m in assets.  Nippon Active Value shareholders approve double merger with abrdn and Atlantis Japan trusts As a result of the Atlantis Japan Growth scheme, Nippon Active Value will acquire approximately £61.6m of net assets from the trust, and £56.8m of net a...