1st Jun 2016 09:41
LONDON (Alliance News) - 3i Group PLC, the FTSE 100 private equity firm, on Wednesday said that in conjunction with funds it manages it has sold its remaining 7.6% stake in Eltel AB, a provider of technical services to the infranet industry.
3i and the funds sold 4.8 million shares in total, generating proceeds of GBP36 million. Proceeds to 3i Group specifically amounted to GBP20 million.
Eltel listed on the Stockholm Stock Exchange at SEK68 in February 2015. Shares in the infranet services provider were up 1.1% at SEK96 on Wednesday.
Shares in 3i were down 1.9% at 551.00 pence Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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