3i Group shares dip as GIC tops 5% stake — what investors watch next
3i shares fell 0.25% in early London trading after a filing showed Singapore’s GIC crossed a 5% ownership threshold. The company last week issued 31.4 million new shares to GIC in a £1 billion deal for a larger stake in Dutch retailer Action. 3i reported diluted NAV at 3,017 pence per share as of December 31 and holds a 62.3% stake in Action valued at £22.4 billion.