Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks3i Infrastructure Share News (3IN)

Share Price Information for 3i Infrastructure (3IN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 328.00
Bid: 327.00
Ask: 328.50
Change: 0.00 (0.00%)
Spread: 1.50 (0.459%)
Open: 328.00
High: 328.50
Low: 326.50
Prev. Close: 328.00
3IN Live PriceLast checked at -
3i Infrastructure is an Investment Trust

To build a diversified portfolio of equity investments in entities owning infrastructure businesses and assets by seeking investment opportunities globally, but with a focus on Europe, North America and Asia.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

3i Group Assets Rise On Action And 3i Infrastructure Performance

Wed, 31st Jul 2019 09:49

(Alliance News) - 3i Group PLC said Wednesday it saw "another good quarter" in the first period of financial 2019 with the investment company's private equity portfolio performing well.

At June 30, 3i Group's net asset value per share stood at 864 pence, 6.0% higher compared to 815p at March 31.

In the three month period, 3i saw a NAV total return of 6.2%. The private equity firm saw a GBP212 million gain in the period on foreign exchange movements as both the dollar and euro strengthened against the pound.

"This was another good quarter for 3i. Our Private Equity portfolio performed well with Action again generating good growth, as well as 3i Infrastructure PLC delivering another strong share price performance," said Chief Executive Simon Burrows.

Action is a Benelux-based non-food discount retailer and represents 3i's largest investment by valuation - which increased 13% in the quarter to EUR3.08 billion. Action saw like-for-like sales growth in the first six months of 2019.

Despite the "challenging macro-economic headwinds" in Europe and China, 3i Group said there is "little change" in the momentum of its private equity portfolio.

3i Infrastructure is a FTSE 250-listed infrastructure investor which is 33% owned by 3i Group. 3i Infrastructure's share price was 299.00p on July 1, 8.5% higher than at April 1. It was quoted at 284.34p on Wednesday.

Burrows added: "Both our Private Equity and Infrastructure teams had a busy quarter on origination and investment. Our balance sheet is well-funded but we remain cautious about the pricing of private investments in the current environment and have continued to focus on platform and bolt-on acquisitions."

At June 30, 3i Group's net cash stood at GBP307 million.

Shares in 3i Group were down 1.5% in London on Wednesday morning at 1,117.50 pence each.

More News
28 Mar 2024 11:51

3i Infrastructure to meet payout target; praises TCR's performance

(Alliance News) - 3i Infrastructure PLC on Thursday said it anticipates to report returns for the second half of financial 2024 in line with its target.

Read more
28 Mar 2024 08:42

3i Infrastructure expects to hit targets with annual results

(Sharecast News) - Infrastructure investment group 3i Infrastructure said trading towards the end of its financial year has been in line with expectations with its portfolio performing well and delivering strong earnings growth.

Read more
26 Jan 2024 08:46

IN BRIEF: 3i Infrastructure third quarter income beats expectations

3i Infrastructure PLC - Jersey-based infrastructure investment trust says income for its third quarter of the year ending March 31 was slightly ahead of expectations at GBP49 million. This is a decrease of 11% from GBP55 million in the corresponding three-month period a year ago. Adds it is on track to deliver its financial 2024 dividend target of 11.90 pence per share, up 6.7% from 5.57p the previous year. Sees "attractive" growth opportunities in its portfolio. For example, says portfolio company TCR continues to outperform, with earnings growth ahead of its expectations at the start of the year.

Read more
26 Jan 2024 07:23

3i Infrastructure ends third quarter slightly ahead of expectations

(Sharecast News) - Infrastructure investor 3i Infrastructure reported total income and non-income cash of £49m at the end of its third quarter on Friday, slightly ahead of expectations.

Read more
12 Dec 2023 09:26

LONDON BROKER RATINGS: JPMorgan raises Rio Tinto to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
1 Dec 2023 09:36

3i Infrastructure completes EUR215 million Attero stake sale to Ardian

(Alliance News) - 3i Infrastructure PLC on Friday said it has completed the sale of its stake in Dutch waste management company Attero to French investment firm Ardian Infrastructure.

Read more
1 Dec 2023 07:41

LONDON BRIEFING: Stocks called higher; UK house prices fall annually

(Alliance News) - Stocks in London are called to open higher on Friday, following data from Nationwide showing that the annual pace of UK house price decline slowed in November.

Read more
9 Nov 2023 13:59

CORRECT: 3i Group raises half-year payout as returns and profit drop

(Amended to correct spelling of chief executive officer's name to Simon Borrows.)

Read more
7 Nov 2023 10:20

3i Infrastructure boosts interim payout as net asset value goes up

(Alliance News) - 3i Infrastructure PLC on Tuesday said its net asset value total return decreased in its latest half year, but raised its dividend with help from increased income and non-income cash.

Read more
7 Nov 2023 10:07

3i Infrastructure on track after robust first half

(Sharecast News) - 3i Infrastructure reported a robust performance in its first-half report on Tuesday, exceeding its target return of 8% to 10% per annum.

Read more
29 Sep 2023 10:36

IN BRIEF: 3i Infrastructure expects half-year outperformance

3i Infrastructure PLC - Jersey-based infrastructure investment trust - Expects to deliver half-year period of outperformance, noting that its recent sale of Dutch waste management firm Attero has driven a 31% uplift to its latest valuation in the five months to September 28. Says portfolio continues to deliver "strong earnings growth", and income is "slightly ahead" of expectations, with total income and non-income cash of GBP103 million, up 5% from the same period last year. Is on track to deliver its dividend target for the year ending March 31 of 11.90 pence per share, up 6.7% from 5.4p in financial 2023, which is expected to be fully covered by net income.

Read more
29 Sep 2023 07:17

3i Infrastructure delivers decent H1 with income beat

(Sharecast News) - Infrastructure investment group 3i Infrastructure (3iN) said that its portfolio continues to deliver strong earnings growth, as first-half income came in ahead of expectations.

Read more
24 Jul 2023 09:10

3i Infrastructure sells stake in Attero in deal worth EUR215 million

(Alliance News) - 3i Infrastructure PLC on Monday said it plans to sell its 25% stake in Attero, in a deal worth EUR215 million.

Read more
24 Jul 2023 08:48

LONDON MARKET OPEN: Lower start with eyes on trio of rate decisions

(Alliance News) - Stock prices in London opened largely lower on Monday as markets looked ahead to a week of interest decisions from three major central banks.

Read more
24 Jul 2023 08:02

3i Infrastructure to sell Attero stake at a 31pc premium

(Sharecast News) - 3i Infrastructure announced its intention to sell its approximately 25% stake in Attero - a waste treatment and recycling company based in the Netherlands - to Ardian Infrastructure on Monday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.