BRUSSELS Feb 21 Belgian investment group GIMV
said it booked a positive result in its fiscal third
quarter as profits from divestments outweighed the impact on a
weak economy on its portfolio.
The group said on Thursday that the tough economic
conditions had negatively impacted the value of its portfolio of
companies in the quarter.
As a result of the divestments, which included its stake in
Devgen after a bid from Syngenta, the
group's equity value increased by about 1 percent during the
quarter to 980.8 million euros ($1.31 billion).
GIMV's financial year starts on April 1.
($1 = 0.7479 euros)
(Reporting by Robert-Jan Bartunek; editing by Philip