logo
Share SHARE
FONT-SIZE Plus   Neg

3i Infrastructure Provides Pre-close Trading Update - Quick Facts

3i Infrastructure Plc (3IN.L) issued pre-close trading update for the year ending March 31, 2012, covering the period from April 1, 2011 to March 29, 2012.

The company noted that during the period, it invested 202.9 million pounds in the acquisition of Lakeside Network Investments from Vattenfall AB and in the second tranche of GVK Energy.

Further, 3i Infrastructure generated realisation proceeds of 132.6 million pounds in the period from the sale of the NGW Arqiva, Thames Water and Télédiffusion de France junior debt holdings, from the repayment of the I2 vendor loan notes and from the partial repayment of its shareholder loan by Eversholt Rail Group.

In addition, the company stated that its European portfolio is performing well operationally and financially, and continues to deliver a good yield. Eversholt Rail Group, in particular, continues to perform well and to generate strong cash flows, which have allowed it to repay a portion of its shareholder loan.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Delta Air Lines is allowing some passengers use fingerprints instead of their boarding passes. The pilot program at the Reagan Washington National Airport or DCA will allow members of Delta's SkyMiles loyalty program and enrolled in Clear, a third-party biometric screening program, to use fingerprints as proof of identity to board their plane, the company said in a statement. Oilfield services company Halliburton Co. reported Monday a profit in its second quarter, compared to a hefty loss last year, boosted mainly by strong demand in North America. In pre-market activity on the NYSE, Halliburton shares were gaining 3.9 percent. Shares of Philips Electronics NV were gaining around 4 percent in the early morning trading in Amsterdam after the Dutch consumer electronics giant reported Monday that its second-quarter net income from continuing operations increased with higher sales and orders. Net income, meanwhile, declined with lower income from discontinued operations.
comments powered by Disqus
Follow RTT