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Trading statements

3i performing well against improving economic backdrop

26 July 2017 09:06

3i Group has reported a busy start to the year with four new private equity investments and good portfolio performance in the first quarter with NAV per share of 628 pence and total return of 4.1% at 30 June.

The group said there was good level of new investment in private equity with £276 million invested in Hans Anders and Lampenwelt in the quarter and a further £241 million committed to Formel D and Cirtec.

It said the quarter also saw the successful close of two new Infrastructure funds, the 3i Managed Infrastructure Acquisitions Fund and the 3i European Operational Projects Fund.

Chief executive Simon Borrows said: "This was another good quarter for 3i and our portfolio of international investments is performing well against an improving economic backdrop.

"We completed or signed four new investments in Germany, the Netherlands and the US and some £250 million of divestments, including the announced sale of Memora at a significant uplift to its March 2017 value.

"We also added two new Infrastructure funds, the 3i Managed Infrastructure Acquisitions Fund and the 3i European Operational Projects Fund."

At 9:06am: (LON:III) 3i Group PLC share price was -6.75p at 927.25p

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