3i in selling spree

The listed private equity firm completes three sales in seven days ahead of an eagerly-awaited strategy announcement on Friday

The 3i Group has sold its third portfolio company in the space of a week ahead of the firm’s hotly anticipated annual general meeting on Friday.

The UK-listed company has sold European rubber component manufacturer Novotema to Axa Private Equity, it was announced today, just days after it announced the sale of a 49% stake in Finnish outdoor clothing brand Halti Oy to Ingman Group.

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