Reuters - 3i Exits Norma
Private equity group 3i has sold all of its remaining 16.7 percent stake in German engineering group Norma for about 109 million euros ($142.2 million). Britain's 3i on Thursday said it placed 5.3 million Norma shares with investors for 20.50 euros each and was no longer a shareholder in the German company. That was a discount of about 4.5 percent to Norma's closing share price on Wednesday and below its Frankfurt listing price of 21 euros per share in April 2011.
10 January 2013•1 min read
