3i receives proceeds of £10 million after exercise of over-allotment option in Eltel
Following Eltel’s listing on NASDAQ Stockholm on 6 February, 3i Group plc, and funds managed by 3i, announce they have sold a further 3.3 million shares as part of the over-allotment option.
This sale generated proceeds of £10 million for 3i Group plc, in addition to the £76 million proceeds received at the time of the IPO on 6 February.
Following the exercise of the over-allotment option, 3i and funds hold a 20% stake in Eltel. 3i Group plc holds an 11.3% stake, which is worth approx. £44 million based on the share price on 17 February.
For further information, contact:
Kathryn van der Kroft
Tel: +44 20 7975 3021
Notes to editors:
About 3i Group
3i is a leading international investment manager focused on mid-market private equity, infrastructure and debt management across Europe, Asia and North America. For further information, please visit: www.3i.com.
This transaction involved a recommendation of 3i Investments plc, advised by 3i Sweden.