BRIEF-3i Group to sell minority stake in Foster + Partners

June 30 Mon Jun 30, 2014 7:41am EDT

June 30 (Reuters) - 3i Group Plc

* Announces the sale of its minority stake in foster + partners ("the company

* 3i has today received cash proceeds of £70 million which, together with loan repayments received to date, represents aggregate cash proceeds of £108 million

* Will receive deferred consideration of £40 million plus interest.

* This represents a money multiple of 1.8x on 3i's original investment and a small premium to the valuation at 31 march 2014. Further company coverage: