City of London Group PLC (UK) – Acquisition
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.