Reuters - 3i Sells Mold-Masters

British private equity firm 3i has sold plastic equipment maker Mold-Masters to US rival Milacron for 615 million pounds ($963 million) as part of its debt-reduction disposal plan, writes Reuters. Under pressure from frustrated shareholders to cut its 1.2 billion pound debt to less than 1 billion pounds by June, 3i had said it will focus on asset disposals to achieve this goal and boost its weak share price.

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