Key facts
- Chrysalis Investments reduced the valuation of its Starling Bank stake by 5% in the second quarter.
- The Starling Bank stake is now valued at £356 million.
- Chrysalis Investments' net asset value dropped by 2.35 pence per share.
- Chrysalis Investments sold part of its Klarna holding.
- The sale of Klarna shares was intended to raise cash.
- The raised cash will be used to pay off debt.
Chrysalis Investments has once more reduced the valuation of its investment in Starling Bank. In the second quarter, the company decreased the stake's worth by 5%, bringing its total valuation to £356 million. This revaluation directly impacted Chrysalis's net asset value, causing a reduction of 2.35 pence per share.