Voluntarily involuntarily further reducing my share of Germany

You could say that my Encavis $ECV (+2,27 %) investment. Price losses of €20 are offset by dividends of €30. The bottom line is a "profit" of €10 after 3 years of holding.

Nevertheless, I have decided to sell the shares at €17.50 following the takeover offer from KKR.

The takeover is expected to take place in the 4th quarter. The share is currently trading at just under €17.

My selling price was €16.85, so the potential upside to €17.50 is only ~4%. This is roughly the same as what I receive on the call money account completely risk-free.

I would have liked to keep Encavis, but due to the circumstances this does not seem attractive to me. I have therefore (un)voluntarily given up the position and sold it today.

The only positive effect: the proportion of Germany in the portfolio is further reduced 😉

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