Jan 7 (Reuters) - Nippon Active Value Fund Plc:
* INTENTION TO FLOAT
* INTENTION TO RAISE UP TO £200 MILLION, APPLY FOR ADMISSION TO TRADING ON SPECIALIST FUND SEGMENT OF LONDON STOCK EXCHANGE
* SEEKING TO RAISE UP TO £200 MILLION BY INITIAL PLACING, OFFER FOR SUBSCRIPTION, INTERMEDIARIES OFFER AT ISSUE PRICE OF 100PPER SHARE
* TO INVEST IN PORTFOLIO OF UP TO 20 HOLDINGS OF QUOTED EQUITY SECURITIES WITH MAJOR OPERATIONS IN JAPAN & MARKET CAP UP TO $1 BILLION Source text for Eikon:
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.