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3i advised to stop buying to halt share decline

Listed alternative assets manager 3i is facing calls from analysts to stop making any further investments and to divest assets in an effort to deleverage its balance sheet to arrest its share price decline.

The group, which announced plans to cut 15% of its workforce earlier this month, has suffered a share price fall of 74% since the beginning of September this year. The shares were trading down 8.7% at £2.55 per share at 10.46 GMT after significant falls yesterday.

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