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3i secures 5.5-times return on Norma

The sale takes 3i’s overall proceeds from the investment to about €385m after an initial investment of about €70m

3i Group has made a 5.5-times return on its investment in engineering technology company Norma Group after announcing the sale of its remaining stake in the company today.

The UK private equity firm, which listed the asset on the Frankfurt Stock Exchange in April 2011 and made a subsequent placement in September last year, placed the remaining 16.7% stake for a price of €20.50 per share.

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