(Alliance News) - NB Aurora SA announced Monday that its board of directors determined Net Asset Value as of March 31 to be EUR312.9 million from a NAV of EUR310.3 million as of Dec. 31, 2022.

The positive change recorded by the NAV since the beginning of the year is mainly attributable to an increase in the valuation of NB Aurora's portfolio investments, the company explained in a note.

In detail, the NAV is composed as follows: EUR10.1 million is represented by the units of Fondo Italiano di Investmento, about EUR238.8 million by the units of investments in NB Aurora Holdings, about EUR40.1 million by the investment in Engineering Ingegneria Informatica, and about EUR23.8 million in cash, other assets and liabilities.

NB Aurora on Monday closed 41 percent in the red at EUR7.50 per share.

By Chiara Bruschi, Alliance News reporter

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