Christian Dior SE

• AV Asset Value Investors Ltd AVI Global Special Situations ↗ AVI Global Special Situations sold approximately two thirds of its Christian Dior holding after the Arnault family proposed a cash offer, retaining a residual stake for later monetisation. The fund established Bio-Rad Labs as a discounted sum-of-the-parts opportunity, citing its Sartorius stake, operational restructuring and potential catalysts around ownership and asset monetisation. September 2026 CHDRF $87BSIEVF $10BSOAGY $23B
• AV Asset Value Investors Ltd AVI Global Trust ↗ AVI Global Trust sold approximately two thirds of Christian Dior after the Arnault family proposed a cash offer, retaining a toehold while criticising the timing against depressed LVMH shares. It established Bio-Rad Labs as a discounted sum-of-the-parts investment, expecting restructuring, potential Sartorius monetisation and activist pressure to narrow the valuation gap. September 2026 CHDRF $87BLVMUY $219BSOAGY $23B +1
• AV Asset Value Investors Ltd AVI Global Special Situations ↗ AVI Global Special Situations added Korean holdings and established positions in Mitsui O.S.K. Lines and Bio-Rad Laboratories. It argues Mitsui O.S.K. Lines trades below the value of its fleet and Daibiru real-estate stake, while activist pressure, capital-return plans and stronger freight markets could drive a rerating. August 2026 MSLOF $14B

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