Fate Acquired Ceased operations 1990 | Industry Investment Trust Defunct 1990 Founded 1873 | |
Key people Sir David Hardy, (Chairman)Jimmy West, (Managing Director) | ||
The Globe Investment Trust plc was a very large British investment trust. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.
History
The Company was founded in 1873 as an investment trust dedicated to international equities. It was managed by Charterhouse Group.
In July 1990 the British Coal Pension Fund launched a hostile and ultimately successful takeover bid paying £1.1bn for what was at the time the United Kingdom's largest investment trust.
References
Globe Investment Trust Wikipedia(Text) CC BY-SA