Digital 9 Infrastructure weighs divestment from crown jewel Verne Global

Following shareholder consultation

Elliot Gulliver-Needham
clock • 3 min read

The board of Digital 9 Infrastructure (DGI9) is considering divesting its entire stake in Verne Global, following a shareholder consultation.

The trust, which currently sits on a discount of 64% according to the Association of Investment Companies, saw its share price collapse 39.5% last month after it withdrew its 6p dividend target. The trust's board said it had received "indicative offers from interested parties" working to secure a majority stake in Verne Global. This sale would enable it to "accelerate its balance sheet deleveraging, deliver the cash resources necessary for the company and group to strengthen their position, and further maximise shareholder value", the board said. Investec upgrades Digital 9 Infrast...

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