3i Group launches up to £750m share buyback to cut capital
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3i Group plc has initiated a share buyback program of up to £750 million, with Barclays Bank managing the repurchase of ordinary shares. This move aims to reduce share capital and enhance earnings per share. The program will run until December 31, 2026, subject to shareholder approval for continuation. Analysts rate the stock as a Buy with a target price of £42.75, citing strong financial performance, though caution is advised due to bearish trends and market challenges. 3i Group focuses on private equity and infrastructure investments, aiming for long-term shareholder returns.
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