11th Apr 2022 08:40
(Alliance News) - Ascential PLC on Monday confirmed it is actively discussing "the merits" of separating some of its assets.
The firm, noting media reports, said the board "regularly evaluates" the business's optimal organisational and capital structure.
"Ascential confirms that it is in the early stages of evaluating the merits of a managed separation of certain assets of the group," said business-to-business media and events firm Ascential.
This followed Sky News reporting on Saturday that Ascential was looking at demerging its digital operations and listing them separately in the US.
"As discussions are exploratory at this stage, they may or may not lead to the board making a decision to undertake a managed separation of these businesses in due course. The board is committed to open and transparent engagement with all of its stakeholders and will communicate further if and as appropriate," the company added.
Shares in Ascential were up 8.7% at 359.80 pence in London early Monday.
By Lucy Heming; [email protected]
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