ERII : Last few investments in European Residual Income sold
European Residual Income Investments has announced that Alba 05, Alba 06 and Eirles 236B have been sold for values in excess of their last valuation. The fund now just holds cash of about €18.2m and one other holding that has zero value.
The directors are now thinking about how best to return the cash and are considering winding up ERII.