Christian Mayes, Portfolio Adviser, 19 June 2025:
The Henderson European Trust is set to merge into Fidelity European after the two boards agreed heads of terms over a possible combination.
If approved by shareholders, the enlarged trust would hold net assets of over £2.1bn.
Henderson European shareholders will have the option to rollover into Fidelity European or receive cash for their shares, limited to 33.3%.
Current Fidelity co-managers Sam Morse and Marcel Stötzel will continue to manage the portfolio.
Vicky Hastings, chair of Henderson European Trust, said the decision to explore a merger came as part of a review of the trust following the departure of co–managers Tom O’Hara and Jamie Ross in February..
“This looks like a great outcome for Henderson European shareholders and creates a true champion in this sector,” added James Carthew, head of investment companies research at QuotedData.
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