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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: 2,891.00
Bid: 2,879.00
Ask: 2,881.00
Change: 49.00 (1.72%)
Spread: 2.00 (0.069%)
Open: 2,853.00
High: 2,891.00
Low: 2,846.00
Prev. Close: 2,842.00
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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UPDATE 2-3i Infrastructure, AMP Capital to buy shipping firm Esvagt

Tue, 07th Jul 2015 14:58

(Adds financing details)

COPENHAGEN, July 7 (Reuters) - Investment firms 3iInfrastructure and AMP Capital have agreed tobuy Danish shipping company Esvagt for 4.1 billion Danish crowns($607 million), aiming to tap growing demand for servicingoffshore wind farms.

Esvagt is being sold by Danish shipping and oil group A.P.Moller-Maersk, which controls 75 percent of theshares, and a group of individual investors who own the rest.

It has a fleet of 43 vessels and is a provider of offshoresafety and support primarily in and around the North Sea and theBarents Sea.

The buyout will be backed with 3 billion crowns of leveragedloans in a financing deal led by Royal Bank of Canada and Royal Bank of Scotland, banking sources said.

The financing comprises around 2 billion crowns of termloans and 1 billion crowns of undrawn facilities, bothdenominated in Danish, Norwegian and Swedish crowns as well assterling, the sources said.

The loans will be sold to investors in a syndication processin the coming weeks, the sources added.

Esvagt made a record profit of 252 million crowns in 2014 onturnover of 943 million crowns.

Since 2010, the company has been servicing the Bligh BankOffshore Wind Farm for Danish wind turbine maker Vestas.

This year, it has put two specially built service vesselsfor offshore wind turbine farms into operation for Siemens WindPower.

A.P. Moller-Maersk has offloaded a string of companies andstakes in subsidiaries in recent years to focus on containershipping, oil, port operations and drilling. It has booked morethan $11 billion from divestments since 2009.

($1 = 6.7689 Danish crowns) (Reporting by Ole Mikkelsen; Additional reporting by ClaireRuckin in London; Editing by Mark Potter and Pravin Char)

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11 May 2023 09:20

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(Alliance News) - 3i Group PLC on Thursday lifted its annual dividend and reported a net asset value hike.

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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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no events scheduled 
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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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IN BRIEF: 3i Group Chair Hutchison buys GBP230,000 in shares

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

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3i Group tops FTSE 100 on quarterly update

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

(Alliance News) - Stocks in London were higher at the close on Thursday following the release of improved economic data out of the US which suggested the world's largest economy may avoid an imminent recession.

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26 Jan 2023 16:58

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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