3i Group to pay 2020 dividend; profit slips to a third of last year
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(Reuters) - 3i Group Plc stuck to its plan to pay a 2020 dividend on Thursday after saying profits fell to just a third of those a year ago due to a slump in the value of its private equity investments in travel, retail and automotive businesses in March's global market selloff. The company, which is focused on mid-market private equity and infrastructure, said the total return was 253 million pounds, representing a profit on opening shareholders' funds of 3%, compared to 1.25 billion pounds or..