Merger to create ‘flagship’ European investment trust

Investment trust corporate activity continues as the UK’s two largest European investment trusts propose a merger.

Fidelity European Trust (LON:FEV), the largest UK investment trust to focus on the European market, has today announced a proposed merger with the second-largest, Henderson European Trust (LON:HET). The two trusts have market caps of £1.64 billion and £587.3 million respectively, as of close of trading on 18 June – making them the largest European investment trusts in the UK by this metric.