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Breathing space in a good week for INM

25th July, 2009

Another Friday, another extension to the Independent News & Media (INM) bond standstill agreement. It was a good week for INM’s chief executive Gavin O’Reilly with the conclusion of the sale of its stake in British bingo business Cashcade for €15 million.

The other big plus for the media group is the fact that the bondholders have blinked again.

The momentum is surely now with INM in the talks with bondholders.

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