3i Infra says portfolio meets or exceeds expectations in first half

3i Infrastructure said most portfolio companies had met or exceeded income expectations in six months to September 29.
Income and non-income cash was in line with expectations at ยฃ56m, up from ยฃ48m a year ago.

The company said it was on track to deliver its dividend target for the year ending March 31 of 10.45 pence per share, a year-on-year increase of 6.6%.

3i last week announced an agreement to sell its 45% stakes in four European liquid storage terminals to Evos . Proceeds from the transaction will be used to repay debt and related break costs of 3i Infrastructure’s holding company, Oystercatcher.

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