World Library  
Flag as Inappropriate
Email this Article

British Empire Securities and General Trust

Article Id: WHEBN0017843472
Reproduction Date:

Title: British Empire Securities and General Trust  
Author: World Heritage Encyclopedia
Language: English
Subject: Kennedy Wilson Europe Real Estate, BH Macro, Aberforth Smaller Companies Trust, Bankers Investment Trust, NB Global
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

British Empire Securities and General Trust

British Empire Securities and General Trust (LSE: BTEM) is a large London-based British investment trust dedicated to investments in companies trading at a discount to Net Asset Value. Established in 1889, the company is a constituent of the FTSE 250 Index. The Chairman is Strone Macpherson.

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] It issued a 4 for 1 rights issue, increasing capital to £30 million in 1985.

Its goal of acquiring firms under NAV has led it to attempt takeovers of other investment trusts trading at a discount. In 1986 British Empire 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]

External links

  • Official site

References

  1. ^ Asset Value Investors
  2. ^ a b British Empire Securities and General 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


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.