The FINANCIAL -- Reinet Investments S.C.A. a Luxembourg-based investment vehicle, began trading on November 14 on Euronext Amsterdam.
At opening, based on a reference price of € 17.29 per share, the total market capitalisation of Reinet Investments was approximately € 3,38 billion.
Reinet Investments, which was created in 2008, allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S., a closed-ended specialised investment fund established in Luxembourg.
The investment strategy of Reinet Fund is built on the principle of taking a long term view of investment opportunities. Its goal is to invest its assets for long-term growth, directly or through selected partners, in a wide range of underlying assets, seeking investment opportunities where it can add value, according to Euronext.
Wilhem van Zyl, Chief Executive Officer at Reinet Investments, said: “It is a great pleasure to be in Amsterdam today to initiate and celebrate the listing of Reinet Investments on Euronext Amsterdam. Our goal is to improve the liquidity in the market of our shares. By this listing we are granting our investors access to another market trading platform which should make it easier to trade our shares. As Euronext Amsterdam is broadly recognised for its diverse and international investor base we are confident that this new listing will provide us with increased access to European-based investors with the resulting potential to broaden our shareholder base.”
Reinet Investments celebrated their listing by the sounding the gong, which denotes the opening of trading of Reinet Investments on Euronext Amsterdam.