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QuotedData’s morning briefing 31 May 2022

In QuotedData’s morning briefing 31 May 2022:

  • On 6 May 2022, Foresight Sustainable Forestry (FSF) completed the acquisition of Dove Hill, an afforestation project near Dalry, Scotland with a total area of 70 hectares. The property is said to be well suited for the establishment of a high-yielding woodland creation scheme. It will increase the total area of the portfolio to 8,543 hectares. Following the acquisition, the percentage (by value) of afforestation sites in the portfolio has increased to 37%. Successfully developing land for afforestation, which drives returns through capital appreciation and access to voluntary carbon credits, is a core part of the fund’s strategy. The site was bought for £1.1m. Of the £130m raised at IPO, just £3m remains available for further acquisitions.
  • Trian Investors 1, LP together with other funds managed by Trian Fund Management, LP hold interests in approximately 37.4m ordinary shares of Unilever or about 1.5% of Unilever’s share capital. The listed fund (TI1) has exposure to 1.06m shares, which it acquired in April 2022 for $50m. Earlier today, Unilever announced the appointment of Nelson Peltz as a non-executive director of the company and a member of its compensation committee. It is expected that the appointments will be effective from 20 July 2022, subject to receipt of any required regulatory approvals. Nelson Peltz is the chief executive officer and a founding partner of Trian.

We also have news of an acquisition by Schroder Real Estate, and results from Fidelity China and BMO UK High Income

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