19th Nov 2018 11:54
LONDON (Alliance News) - Centaur Media PLC said Monday it has appointed Livingstone Partners and Cavendish Corporate Finance as advisers to assist with the company's divestment programme.
Shares in Centaur were trading 6.8% higher at 46.58 pence each.
Earlier in October, the information, events and marking provider said it will accelerate simplification of its business structure to improve operational execution and focus on leading brands within the marketing division.
Livingstone has been appointed to advise on the potential sale of The Lawyer, a publisher for the legal market.
Meanwhile, Cavendish will advise on the potential sale of Centaur's events division, including the Business Travel Show, The Meetings Show, Sub Con and Employee Benefits, and of its financial services division, which includes Money Marketing, Mortgage Strategy, Platforum, Taxbriefs and Headline Money.
"We will work with our advisers to explore divestment possibilities and ensure that shareholder value is maximised," said Centaur Chief Executive Andria Vidler.
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