3i Infrastructure Share News (3IN)

3i Infrastructure Returns Hit By Indian Weakness

3i Infrastructure Says European Portfolio Generating Income of GBP30.9M

3i Infrastructure warns on Indian fund valuation

Major depreciation of the rupee and investee company issues dogged the Indian arm of 3i Infrastructure, while its European portfolio saw income generation slow in the second quarter. The FTSE 250-listed private equity fund's India subsidiary continued to deteriorate, driven by a tougher macro envir

3i Infrastructure 6-month Net Investment At GBP64 Mln

Fortum launches 1.5-2 bln euro sale of Finland grid -sources

STOCKHOLM/LONDON, Sept 16 (Reuters) - State-controlled Finnish utility Fortum has launched a sale of its power grid in Finland, which could fetch around 1.5 billion to 2 billion euros ($2.67 billion), four people familiar with the matter said. Last week, information on the business was sent

Indian stocks to watch - May 13

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange are 0.19 percent up and the MSCI-Asia Pacific index excluding Japan is 0.68 percent lower. * Asian shares eased on Monday with sentiment hit by selling in commodities triggered by a strong dollar, which rose to a fresh 4-1

3i Infrastructure eschews India for developed markets

Investment company 3i Infrastructure has decided to rebalance its investment strategy in favour of less volatile investments in more developed markets. After lifting the total return 59% to £89.1m in the year to end-March, the FTSE 250 closed-ended vehicle said it was lowering its return objective

3i Infrastructure's results hit by macroeconomic pressures

Investment company 3i Infrastructure revealed on Thursday that macroeconomic pressures have impacted its India arm in the second half. Ahead of the fund's annual results, the group released a trading statement outlining its performance for the period between April 1st, 2012 to March 27th, 2013. "T

3i Infrastructure sells stake in Alpha Schools at a premium

Jersey-incorporated, closed-ended investment company 3i Infrastructure has sold its 50 per cent holding in Alpha Schools (Highland) Holdings Limited to a wholly-owned subsidiary of HICL Infrastructure Company Limited, which already owns the balance of the investment. The sale of the company's inve

UPDATE 2-Finland's Fortum closer to $6.5 bln grids sale-sources

* State-controlled firm hires Citi, Danske Bank - sources * Government has not decided to sell, but likely to - source * Deal would be biggest in Nordic region for five years * Private equity, infrastructure firms seen likely bidders By Sophie Sassard and Jussi RosendahlRead more

Finland's Fortum hires banks for possible 5 bln-euro sale-sources

LONDON/STOCKHOLM, March 12 (Reuters) - Finnish state-controlled utility Fortum has mandated Citigroup and Danske Bank to explore the sale of its energy distribution assets worth about 5 billion euros ($6.51 billion), four people familiar with the situation said. "The government has yet to d

Portfolio income surges at investment company 3i

The value of portfolio income at investment management company 3i rose 28.3 per cent to 68m pounds in the period from October 1st to February 4th compared to the corresponding period in the previous year, an interim management statement from the company has disclosed. The FTSE 250 company, which fo

Friday tips round-up: Schroders, Electrocomponents and 3i Infrastructure

Tempus in The Times writes that Schroders' performance since the financial crisis started gives an idea what can be achieved if you stick to your knitting and abjure significant acquisitions, unlike other fund managers such as Aberdeen Asset Management. Over the past 14 quarters Schroders has gain

3i Infrastructure overcomes underwhelming Indian summer

A solid performance from the European portfolio more than offset an indifferent showing by Indian fund in the first half of 3i Infrastructure's fiscal year. The Jersey-incorporated, closed-ended investment company saw net asset value (NAV) per share on an investment basis improve to 121.6p at the e

European assets going strong at 3i Infrastructure

Investment company 3i Infrastructure said European assets continue to perform well however difficult macroeconomic conditions and currency movements have hit the valuation of the 3I India Fund. Chairman Peter Sedgwick said: "European assets continue to perform well, while adverse macroeconomic cond