LONDON (ShareCast) - Critical Information Group, which will acquire and consolidate media companies, started trading on AIM today.
The group raised £1.56m in equal proportion across selected UK institutional investors, with a further
£1.45m invested by CIG directors.
CIG's investment policy is to acquire public or private media businesses which have the potential for operational improvement and would benefit from consolidation.
"The media sector is always an exciting place to do business and we think that there are significant opportunities in the current economic environment to generate long term shareholder value," said executive chairman David Smith.
"Our first objective was to raise CIG's profile and attract the support of a select group of institutional investors who operate in the media sector. So far it has been an excellent start and I look forward, with my board colleagues, to developing and executing our investment strategy," he added.
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