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Clime Investment Management Ltd ( (AU:CIW) ) has shared an announcement.
Clime Investment Management has agreed to sell its Clime International Retail Managed Investment Scheme to a new market entrant for $2 million in cash, payable in tranches and subject to trustee consent and retention conditions over the next six months. Clime will remain investment manager and the fund will retain the Clime International Fund name until the purchaser formally launches in Australia, with settlement expected before 30 March 2026.
The divestment supports Clime’s strategy to streamline operations and prioritise its wholesale business, while also realising cash for the company. The deal introduces a strategic partner with complementary global equity capabilities, which Clime expects will broaden the range of expertise and investment options available to its wholesale client base.
The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.
More about Clime Investment Management Ltd
Clime Investment Management Limited is an Australian-listed asset manager based in Sydney, operating in the investment management industry. The company offers managed investment schemes and focuses increasingly on wholesale clients, aligning its product suite and strategic partnerships with this market segment.
Average Trading Volume: 28,127
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.12M
See more data about CIW stock on TipRanks’ Stock Analysis page.