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CIC builds up its minority interests

By BFN News | 12:10 PM | Wednesday 11 April, 2012


CIC, the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, has been working on a number of advisory mandates. As part of its fee for its advisory services, the company will typically earn an equity interest in the client company. As a result of this strategy CIC has built a significant portfolio of minority interests which the directors believe could represent real value to the company as these clients grow. The company is in discussions with a number of its clients with a view to listing the companies on an appropriate stock exchange in the next two years, which would crystalise the value of the interests and allow the company to monetise the interests. At 12:10pm: (LON:CICR) share price was +0.21p at 1.63p Story provided by StockMarketWire.com