In today’s briefing:
- Selected European HoldCos and DLC: March’24 Report
Selected European HoldCos and DLC: March’24 Report
- The Discounts to NAV of covered holdcos mainly widened during March. Discounts to NAV: C.F.Alba, 47.3% (vs. 47.1%); GBL, 38.15 (vs. 37.7%); Heineken Holding, 16.7% (vs. 16.5%);
- Industrivärden C, 1.4% (vs. 4.4%); Investor B, 6.1% (vs. 5.6%); Porsche Automobile Holding, 45.4% (vs. 43.7%). Rio DLC spread tightened to 24.9% (vs. 25.6%), and on 26 March reached 27.7%.
- What seems interesting: listed assets vs. Industrivärden C and the Rio DLC (long RIO LN/short RIO AU).
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