Non-core investments

Over the years, we have invested in sectors outside of our two core areas of activity with the aim of diversifying the allocation of the holding’s liquidity, in the medium term, which on 31 December 2019 had a total value of € 74.5 million.

In particular, CIR manages a portfolio of investments in private equity funds, with a fair value on 31 December 2019 of € 56.6 million, and a diversified portfolio of direct minor equity holdings with a value on 31 December 2019 of € 17.9 million.