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3i continues to shed problem investments

London-listed private equity group said problem investments now make up just 10% of the value of its portfolio after exits in fiscal first half help it 'tidy up the tail'

3i continues to shed problem investments

London-listed 3i Group has continued to clean up its portfolio by completing a string of exits in the first half of its financial year – all of which had been considered problem investments or potential write-offs.

During a conference call to present the firm's half-year results on November 12, 3i's chief executive Simon Borrows, said that the group realised proceeds of £307 million through nine exits including Labco, Touchtunes and Soyaconcept in the six months to 30 September 2015.

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