18th Jul 2012 16:35
INM TO EXPLORE STRATEGIC OPTIONS
FOR SOUTH AFRICAN BUSINESS
Ticker: (Bloomberg) INM.ID/INM.LN and (Reuters) INME.I/INME.L
18 July 2012, Dublin/London: Independent News & Media PLC ("INM" and/ or the "Company") today announces that it has appointed Investec and Canaccord Genuity Hawkpoint to explore a range of strategic options for its South African operation, ("INM SA").
This process follows informal and unsolicited expressions of interest in respect of INM SA at a time when INM continues to assess a range of strategic options to delever its balance sheet. No divestment decisions have been taken by the Company.
Further updates will be made as appropriate.
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For further information, please contact:
Pat Walsh | Vincent Crowley |
Murray Consultants Ltd | Group Chief Executive |
Tel: +353 1 498 0300 | Independent News & Media PLC |
Mobile: +353 87 226 9345 | Tel: +353 1 466 3200 |
Email: [email protected] | Email: [email protected] |
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