Gimv - Flemish government gives formal GO to sell its stake
De Tijd reports that the Flemish government has given its official ‘GO' to an investment back to look for buyers of its 27.8% stake in GimvWe believe this to be poor timing from the government's side and expect a significant discount in order to sell the entire stakeGimv's recent divestments could imply funds are available to buy remaining shares if needed?We estimate today's NAV to be ~EUR 49.3, implying a discount 12%.GIMV is a listed investment company, specializing in private equity and venture capital and active in small and medium buyouts, growth financing and technology investments. Co. is also present with technology investments across Europe and in Israel, Japan and the USA. Co. invests in ICT (Technology), environmentally friendly technology (Cleantech) and Life Sciences.
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