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3i targets Asia as shares slide

  • Paul Mackintosh
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UK-headquartered LSE-listed private equity major 3i Group saw its stock slide by some 6.5% after its latest figures for its net asset values per share missed estimates

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UK-headquartered LSE-listed private equity major 3i Group saw its stock slide by some 6.5% after its latest figures for its net asset values per share missed estimates, increasing by just 2% over the first half of its financial year. The lower performance reportedly reflects poor company earnings amongst 3i’s investees. Michael Queen, 3i’s new CEO and former head of its infrastructure arm, said the group will focus on Asia and growth capital to boost its returns amid the slow recovery of the debt markets.

 

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