3i placing price to be set

3i placing price to be set

Founder bank shareholders in 3i announced yesterday that the placing price for the sale of up to 20 per cent of 3i's issued share capital will be fixed in the week beginning 19 June. The timing of the placing price is deliberately fixed to fall after the publication of 3i's preliminary results on 8 June. The Bank of England, Barclays, Lloyds and Midland currently own about 32 percent of 3i's issued share capital. NatWest Group and Bank of Scotland will not participate in the sale.