3i further reduces NORMA stake
UK headquartered private equity group 3i further reduced its stake in NORMA Group in September by placing four million shares worth around 77 million euros with investors.
3i floated NORMA onto the market last April taking its share in the company from 73 to 31 percent. The latest move further reduces its stake by 46 percent to less than 17 percent.
NORMA was formed in 2006 through the merger of the German Rasmussen Group and ABA Group of Sweden.
NORMA has just reported 2012 first half sales up 7.4 percent to 317.7 million euros. Organic growth was 3.4 percent – the group acquired Swiss company Connectors (…)
