Albion Venture Capital Trusts Explore Merger

Albion Development VCT (GB:AADV) has released an update.

Albion VCTs, a group of venture capital trusts, are in discussions about a potential merger that could streamline administration, cut costs, and simplify operations. If agreed upon, the mergers would require the approval of shareholders and would involve asset and liability transfers under the Insolvency Act. The public will be informed as the discussions progress and any significant developments occur.

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