Acquisition
(Thomson Reuters ONE) -
LSE: CIN
17 February 2010
CITY OF LONDON GROUP PLC
COLG ACQUISITION OF 50% INTEREST IN
THERIUM CAPITAL MANAGEMENT LTD (TCML) COMPLETES
COLG is pleased to announce that its acquisition of a 50% interest in TCML has
completed at a cost of £300,000 as previously announced on 17 December 2009.
Funding for working capital has commenced and initial seeding (up to a maximum
commitment of £1.8million) of a Guernsey Fund is in progress. TCML has a strong
pipeline of cases for funding going forward and TCML is in active discussions to
expand that fund.
For Further information;
City of London Group Plc (COLG)
Eric Anstee Chief Executive Officer 07836 666 339
Therium Capital Management Limited (TCML)
John Byrne Chief Executive Officer 07808 299 552
[HUG#1385659]
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Datum: 17.02.2010 - 12:02 Uhr
Sprache: Deutsch
News-ID 1010517
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