(Alliance News) - NB Aurora SA has announced that the possible sale of up to 49.9 percent of the portfolio, held through NB Aurora Holdings Sarl and MIC Co-Investment Fund, to a forming closed-end fund called NB Aurora Co-Investment Fund II has been examined.

NB AIFM, the management company of NB Aurora and the constituent fund, has already received expressions of interest of approximately EUR160 million, and is continuing to collect additional expressions of interest from institutional investors and high-net-worth individuals. The fund's overall fundraising target, which is to be subject to binding commitments and is a necessary condition for the transaction to be finalized, is EUR160 million.

"The transaction is of strategic importance for the company, as it will enable the raising of financial resources that will be used to continue to support SME projects with high growth potential and will also allow the realization of an estimated gross capital gain of between 15 percent and 25 percent of the collected price, which will be allocated to the distribution of a dividend based on the NAV of the portfolio as of March 31," the company explained in a note.

By Claudia Cavaliere, Alliance News reporter

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