3i group plc (TGOPF) Key Developments
3i Appoints Simon Thompson as Non-Executive Director
Apr 13 15
Tullow Oil plc announced that chairman of the board, Simon Thompson, has been appointed as non-executive director of 3i with effect from April 13, 2015 and is expected to be appointed chairman following their AGM on June 25, 2015. Simon Thompson will cease to be senior independent director of Amec Foster Wheeler plc and a non-executive director of Sandvik AB following their AGM's on May 14, 2015 and May 7, 2015, respectively.
3i Group plc Announces Executive Changes
Apr 13 15
3i Group plc announced that Simon Thompson has been appointed as non-executive director of the company with effect from 13 April 2015. He will become non-executive chairman of the board with effect from the close of the company's 2015 AGM in succession to Sir Adrian Montague who is stepping down from the board to concentrate on his other appointments including taking the chair at Aviva plc. It is expected that the 2015 AGM will be convened for 25 June 2015. The company announced that Jonathan Asquith as a non-executive director and senior independent director, has also been appointed deputy chairman of the board with effect from 13 April 2015.
3i Group plc Presents at German M&A and Private Equity Forum, Mar-19-2015 02:30 PM
Mar 16 15
3i Group plc Presents at German M&A and Private Equity Forum, Mar-19-2015 02:30 PM. Venue: INTERCONTINENTAL HOTEL, DUSSELDORF, Germany. Speakers: Ulf Von Haacke, Partner, Managing Director of Germany and Head of Industrial.
Aspen Pumps Seeks Acquisitions
Feb 23 15
3i Group plc (LSE:III) plans to support Aspen Pumps Limited regarding acquisition opportunities. Pete Wilson of 3i Partner, said, “Aspen is a great fit with our strategy of supporting mid-market companies to grow internationally. It is an excellent business, with best-in-class products addressing structurally growing, global markets. We look forward to working with the team to continue Aspen’s highly successful development through further international growth and product range expansion, as well as actively supporting complementary acquisition opportunities.”
Cheung Kong Withdraws From Fortum's Grid Bid
Feb 18 15
Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) has pulled out of the bidding for Fortum Oyj (HLSE:FUM1V)'s grid in Sweden after the price rose too high. According to Bloomberg, a consortium made up of The Goldman Sachs Group, Inc. (NYSE:GS), 3i Group plc (LSE:III) and Abu Dhabi Investment Authority as well as GIC Pte. Ltd. and a group led by Borealis AG are still bidding. Macquarie Group Limited (ASX:MQG) pulled out of the bidding process earlier in February 2015. Final offers are due in early March 2015. Bloomberg's sources say that the price could rise to more than €6 billion.