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3i plans closure of Stockholm office

London-listed 3i Group is gradually phasing out its operation in the Nordics amid heated competition – and will instead reallocate resource to the US.

Simon Borrows, chief executive, 3i Group
Simon Borrows, chief executive, 3i Group

London-listed 3i Group is gradually phasing out its operation in the Nordics amid heated competition – and will instead reallocate resource to the US.

In its annual results published on May 19, 3i said it would be reducing its team in the Nordic region, following a review of its resources and investment opportunities during the year. Instead it will bolster its teams in Germany and the US.

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