Next Steps: Shareholder and Regulatory Approval
For the deal to cross the finish line, shareholders from both trusts must approve the merger in general meetings slated for September. Henderson European’s board says it has already secured indications of support from 33% of its shareholders.
The merger also awaits regulatory clearance, though specific authorities have not been named. If all goes to plan, the scheme is expected to become effective by the end of September.
Advisers Behind the Curtain
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Deutsche Numis is advising Henderson European Trust on financial matters.
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Dickson Minto Advisers LLP is steering Fidelity European Trust through the deal.
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Stephenson Harwood LLP is providing legal counsel to Henderson European.
Counsel information for Fidelity European was not immediately available.
As the dust settles from Henderson’s management shake-up, this transformative merger could mark a new era for European equity investing—and one that sets a precedent for how investment trusts navigate sudden shocks and seize strategic opportunities.
