Overview
Glenwick (formerly a German commercial real estate company called Treveria) is seeking to acquire companies within the natural resources sector. Initially the geographical focus will be Australasia and North America but may also consider other regions to the extent that the Board considers that valuable opportunities exist and positive returns can be achieved. The Board will conduct initial due diligence appraisals of potential businesses or projects and, where it believes further investigation is warranted, intend to appoint appropriately qualified persons to assist. The Board believe it has a broad range of contacts through which it is likely to identify various opportunities which may prove suitable.
When it became Glenwick it changed its trading currency from euros to pounds.
News
-
30 Oct 2015 2 min read
Treveria raises new cash, appoints Chairman and new Brokers
Treveria sold off its old property portfolio and gave cash back to shareholders but the listed company is still around and is being transformed into something else – it looks as though this will have something to do with the resources sector. Treveria has appointed Allenby Capital and Peterhouse Corporate Finance as joint-brokers. Peterhouse Corporate Finance has […]
-
04 Sep 2015 1 min read
Treveria sells assets and proposes wind up
Treveria has sold its two wholly owned subsidiaries – Treveria Asset Management Limited and Treveria Holdings Limited – to Haflinger Invest Limited and Phylira NV. Haflinger is a company owned by a group of investors, among them Richmond Invest GmbH and Richmond Invest BV, in which David Malpica, a director of the Company, holds a beneficial interest. […]
-
30 Jun 2015 1 min read
Treveria struggling with tax bill
Treveria has published results for the year ended 31 December 2014. Briefly, the NAV fell to 5.1 cents (€30.7m) from 7.9 cents but the German tax authorities want €45m in Real Estate transfer Tax off them. They are disputing this but one legal challenge has failed and they must now decided if they want to […]
-
26 Jun 2014 1 min read
Treveria : TRV – annual report
Treveria has published its results for 2013. Excluding deferred tax, the net asset value of Treveria fell from €0.232 to €0.080 over the year to the end of December 2013. Part of this fall is accounted for by distributions made to shareholders of 3.25 cents and 1.25 cents in March and November 2013. The bulk […]
