CVC Capital Partners Shares Surge
Investing.com – Shares in CVC Capital Partners (AS:CVC) surged in Amsterdam trading on Thursday, touching a fresh record high, on news that the private equity group will be added to the MSCI World Index.
The MSCI World Index is a closely-watched tracker of the performance of large- and mid-sized companies across 23 developed markets. It includes more than 1,400 constituents, covering approximately 85% of the free float-adjusted market capitalization in each country.
CVC, which debuted in Amsterdam in April in one of the largest initial public offerings in Europe this year, recently posted a 13% jump in half-year total revenue to 621 million euros.
Adjusted core income at the buyout group also rose by 16% to 390 million euros during the period. Meanwhile, total assets under management, which include the infrastructure manager DIF it acquired in a deal last year, came in at 193 million euros.
Shares in CVC, which was originally part of banking giant Citigroup (NYSE:C), have surged by more than 65% since its first day of trading on public markets.
Spotify (NYSE:SPOT) and Carvana (NYSE:CVNA) are both slated to join CVC on the MSCI World Index, MSCI said in a statement.
The three largest additions to the MSCI Emerging Markets Index will be Taiwan's International Games System, and Indian firms Kalyan Jewellers India (NS:KALN) and Oberoi Realty (NS:OEBO). All changes will be implemented as of the close of Nov. 25, MSCI noted.
Comments (0)