Schroder UK Public Private Trust (GB:INOV) has released an update.
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Schroder UK Public Private Trust announced a significant devaluation of its investment in Reaction Engines, a company specializing in thermal management technologies for aerospace. The revaluation from £10.6 million to £1.4 million comes as the Oxfordshire-based firm faces slower revenue growth and needs additional funds to achieve cash flow positivity. This adjustment is set to impact the Trust’s overall net asset value by approximately 4.81%.
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