LONDON, June 30 (Reuters) - British private equity firm 3i has no plans to dispose of its investment in Dutchdiscount retailer Action despite a number of approaches, thecompany said on Thursday.
Action is the jewel in 3i's portfolio and its largestinvestment. The buyout firm said it had decided to increase thebook value of its Action investment to 1.46 billion pounds ($1.95 billion) after a liquidity discount, up from 902 millionpounds as of end March.
"3i is actively engaged in the further development of Actionand is not intending to sell its investment or organise aflotation of Action in the near future," 3i said.
($1 = 0.7471 pounds) (Reporting by Freya Berry; Editing by Elaine Hardcastle)
3i Group (III)