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Pin to quick picks3i Group Share News (III)

Share Price Information for 3i Group (III)

London Stock Exchange
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Share Price: 2,875.00
Bid: 2,873.00
Ask: 2,874.00
Change: -4.00 (-0.14%)
Spread: 1.00 (0.035%)
Open: 2,887.00
High: 2,897.00
Low: 2,864.00
Prev. Close: 2,879.00
III Live PriceLast checked at -
3i Group is an Investment Trust

To provide its shareholders with quoted access to private equity and infrastructure returns, its main focus is on making quoted and unquoted equity and/ or debt investments in businesses and funds in Europe, Asia and the Americas.

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INTERVIEW: 3i's Sale Of Inspectorate "Always Part Of Plan"

Tue, 22nd Jun 2010 12:33

By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--3i Group PLC's (III.LN) sale of Inspectorate, the oil testing and certification business owned by 3i's portfolio company Inspicio Group was always part of the plan, 3i partner Alan Giddins told Dow Jones Newswires Tuesday. Earlier Tuesday, 3i announced that Inspicio had sold Inspectorate to French assessment and certification company Bureau Veritas (BVI.FR) for GBP450 million and that it would change the name of the remaining company to ESG, comprising Environmental Scientifics Group, a U.K. environmental testing business and Eclipse Scientific Group, a food testing business in the U.K. and Ireland. 3i bought Inspicio in February 2008 in a GBP345 million public to private transaction. The company was two distinct businesses, which the private equity firm always intended to split. "Inspicio was never going to be popular as an AIM-listed company comprising two distinct businesses--an oil and petroleum testing business in 60 countries and a U.K.-based food and environmental testing business," said Giddins. "So the intention was always for a split," he said. 3i had also identified Bureau Veritas as the best buyer of the oil testing part of the company early on--"it was just a question of when would be a good time to sell," added Giddins. During the period of 3i's ownership, Inspectorate's revenue grew by 75% as a result of several bolt-on acquisitions and currently accounts for 70% of Inspicio's total revenue, which stood at GBP246 million in 2009. Having recouped all its money on the sale of just part of the business, 3i now plans to use ESG as a consolidator in the fragmented food testing sector buying up complementary companies as well as growing it organically. -By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com (END) Dow Jones Newswires June 22, 2010 07:33 ET (11:33 GMT)
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11 May 2023 08:08

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(Sharecast News) - Investment company 3i Group reported a total return of £4.59bn in its full-year results on Thursday, representing a 36% increase on opening shareholders' funds compared to the prior year's figure of £4.01bn, which itself saw a higher growth rate of 44%.

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4 May 2023 16:11

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Mar 2023 12:23

LONDON MARKET MIDDAY: Bank of England lifts rates by 25 basis points

(Alliance News) - Stock prices in London were largely lower at midday on Thursday, raised UK interest rates by 25 basis points on Thursday, as widely expected, and indicated that further tightening in monetary policy may be required.

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23 Mar 2023 09:27

3i portfolio firm Action posts sales growth in first 11 weeks of 2023

(Alliance News) - 3i Group PLC on Thursday said in an update its portfolio company Action has seen a strong start to 2023.

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LONDON BRIEFING: Stocks called down ahead of UK interest rate decision

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ICG, 3i battling to take control of Direct Ferries - report

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LONDON MARKET CLOSE: Stocks up as US data boosts soft landing hopes

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London close: Modest gains for stocks after Q4 US GDP data

(Sharecast News) - London stocks were modestly higher on Thursday amid well-received updates from the likes of 3i or Intermediate Capital Group.

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26 Jan 2023 12:24

LONDON MARKET MIDDAY: Stocks edge higher as eyes turn to US GDP data

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