3i makes further realisation from NORMA
Frankfurt am Main/London. 3i Group plc announced today that it has successfully sold circa 2.3 million shares of its remaining stake in NORMA Group AG (ISIN DE000A1H8BV3). This represents an equivalent to circa 7.2 percent of the entire share capital. The shares have been sold with a price of € 19.25 per share to an institutional investor. The sale was conducted by Commerzbank AG. The transaction value exceeded € 44 million. Following the sale, 3i Group plc's stake is circa 28.3 percent.
3i Group plc invested in NORMA Group in 2006, developed it into an international market and technology leader for engineered joining technology and floated NORMA Group in April 2011 on the Frankfurt Stock Exchange.
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