November 15, 2018 / 7:07 AM / a month ago

BRIEF-3i Group posts H1 total return of 728 mln stg

Nov 15 (Reuters) - 3i Group PLC:

* TOTAL RETURN OF £728 MILLION IN 6 MONTHS TO SEPT 30, OR 10% ON OPENING SHAREHOLDERS’ FUNDS, AND NAV PER SHARE OF 776 PENCE

* COMPLETED TWO NEW PRIVATE EQUITY INVESTMENTS, TOTALLING £245 MILLION, IN ROYAL SANDERS AND INTERNATIONAL CRUISE AND EXCURSIONS

* CASH REALISATIONS OF £1,057 MILLION IN FIRST HALF, OR £528 MILLION NET OF £529 MILLION GROUP REINVESTMENT INTO SCANDLINES

* NET CASH OF £512 MILLION

* INTERIM DIVIDEND OF 15.0 PENCE, IN LINE WITH OUR NEW DIVIDEND POLICY ANNOUNCED IN MAY 2018

* CEO: WE HAVE GOOD MOMENTUM ACROSS OUR PORTFOLIO, BUT REMAIN CAUTIOUS ABOUT PRICING OF NEW INVESTMENT IN GENERAL AND ARE FOCUSING OUR ORIGINATION EFFORTS PARTICULARLY ON BILATERAL PROCESSES AND ON OUR BUY-AND-BUILD PLATFORMS Source text for Eikon: Further company coverage: (Reporting by Dasha Afanasieva)

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