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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 RTTNews Staff Writer

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