StockMarketWire.com - 3i group reported Wednesday second-quarter net asset value per share rose to 760p as it delivered a total return of 5.1%.

The company generated cash of £868m in the quarter principally from £835m received from the sale of Scandlines in June 2018.

The company said it completed two new private equity investments during quarter in royal sanders and international cruise and excursions totalling £245m.

The infrastructure team advised 3iN on its investments in Attero and Alkane Energy and its refinancing of TCR, the company said.

The diluted NAV per share increased to 760p from 724p quarter on quarter.

'Our balance sheet is strong but we remain cautious about the pricing of new investments in the current environment. Overall, our portfolio of international companies remains well positioned, despite the macro uncertainties, to deliver another year of good earnings growth, said Simon Borrows, Chief Executive. At 8:56am: (LON:3IN) 3i Infrastructure Ltd share price was +1.2p at 238.1p



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