3i Group Plc (III.L) Friday unveiled the Future strategy for the Group with a primary focus on cost reduction that will be more closely aligned with the Group's income and investment strategy.
The new Chief Executive of the company, Simon Borrows, stated that the new strategy, on implementation, will result in the reduction of approximately 40 million pounds in the annual operating costs.
The Future strategy will lay more emphasis on intensively managing the existing private equity portfolio and seeking realizations, where conditions are right to maximise proceeds.
The strategy will also help in improving the overall business performance and maximise value for the Group, its shareholders and its fund investors.
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by RTT Staff Writer
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