3i Group cools on Brazil

UK-listed private equity firm shelves plans for a fund and will reduce the size of its Sao Paulo team

UK-listed 3i Group, which last year revealed plans to scale back infrastructure investments in India, has gone cold on another emerging market: Brazil.

The private equity firm said today that it has taken the decision not to make any new investments in the Latin American country, citing the deterioration of the macro economy.

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