LONDON, Nov 14 (Reuters) - British private equity company 3i said that a strong run of private equity divestments inthe first half of its financial year meant it is in a positionto distribute extra returns to shareholders.
The owner of women's fashion chain Hobbs and Tommee Tippeebaby bottle maker Mayborn, said that private equity divestments,known as realisations, had generated proceeds of 528 millionpounds ($844.25 million) in the six months to Sept. 30.
It proposed paying 20 pence per share for the year to March2014, including an annual base dividend of 8.1 pence.
It also reported an increase in net asset value per share to322 pence, compared with 311 pence six months earlier.