Trinity to sell Irish titles

British newspaper publisher Trinity Mirror has announced it is to sell its Irish titles to venture capital group 3i for £46.3m (€66.49m) in cash.

3i is one of Europe's leading equity investors and one of the largest investment trusts on London's stock exchange, specialising in equity and debt investments in startup or emerging businesses that do not have access to the world's stock markets. It also invests in LBOs and other buyouts.