No need to panic as 3i warms to debt again

The UK buyout firm has taken on more debt in the last five months after a period of deleveraging, but this should not be seen as a return to its days of heavy borrowing

UK buyout firm 3i Group has taken on more debt in the last five months after a period of deleveraging, but this should not be seen as a return to the heavy borrowing which triggered difficulties at the group in the financial crisis.

3i said in a pre-close statement (for the five months to the end of August) today that it had continued to increase its net debt this year - this has risen to £450m at the end of August, from £258m in its results in March.

WSJ Logo
Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust WatchdogExternal link

Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust Watchdog