Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    64,171.50
    -368.64 (-0.57%)
     

  • CMC Crypto 200

    1,371.97
    +59.35 (+4.52%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,406.70
    +8.70 (+0.36%)
     

  • Crude Oil

    83.24
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

UK's 3i says no plans to sell or list shares in Dutch retailer Action

Reuters

LONDON (Reuters) - British private equity firm 3i (III.L) has no plans to dispose of its investment in Dutch discount retailer Action despite a number of approaches, the company said on Thursday.

Action is the jewel in 3i's portfolio and its largest investment. The buyout firm said it had decided to increase the book value of its Action investment to 1.46 billion pounds after a liquidity discount, up from 902 million pounds as of end March.

"3i is actively engaged in the further development of Action and is not intending to sell its investment or organise a flotation of Action in the near future," 3i said.

($1 = 0.7471 pounds)

(Reporting by Freya Berry; Editing by Elaine Hardcastle)