Companies: CSN   

Chesnara has enjoyed a good run since I tipped it here in early May at 132p. The reverse takeover of Britannic by Resolution has highlighted the value of closed life fund operators and led to hope that Chesnara will itself be a takeover target. Last week, the big German insurance group Allianz announced that it now held just a fraction under 16 per cent of Chesnara’s shares. The great bulk of that stake was held by the Dutch asset management offshoot of Allianz, Veer Palthe Voute. With its huge yield, Chesnara remains a firm hold at the current 158.5p.

Chesnara	LSE	£118.24m	116.50p	-2.00p
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Other company articles:
Chesnara			15/04/2008
Panmure Gordon			05/10/2007
Chesnara ups dividend			10/05/2006
Chesnara: Allianz has 16 per cent			09/05/2006
Chesnara gets a boost from Resolution deal			08/05/2006