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3i reports NAV of 947 pence per share

By Reuters

<p><body> <p><span class="caps">LONDON</span> (Reuters) – 3i Group Plc on Thursday reported a net asset value per share of 947 pence for the fiscal year ending in March, up more than 17% from a year ago, and a total return of return of 1.7 billion pounds ($2.42 billion). </p> <p>The company’s private equity business delivered a gross investment return of 1.9 billion pounds or 30% over the same period, with many of its portfolio companies adapting to the changing environment during the pandemic, 3i said.</p> <p>“We enter our new financial year in the knowledge that we have a high quality investment portfolio with broad exposure to sectors with strong underlying growth,” said 3i Chief Executive Simon Burrows. </p> <p>“We are also maintaining strong price discipline and avoiding the exuberance seen in many of today’s transactions as we add to our high-quality portfolio.”</p> <p>($1 = 0.7119 pounds)</p> <p/> <p> (Reporting by Anna Irrera; Editing by Rachel Armstrong)</p> </body></p>