INM to sell off assets to raise €100m

Independent News & Media (INM) is planning to raise at least €100 million from the sale of non-core assets. The company will issue a trading update to the Irish Stock Exchange this week confirming that it has hired corporate finance advisers on the s

24th January, 2009

Independent News & Media (INM) is planning to raise at least €100 million from the sale of non-core assets. The company will issue a trading update to the Irish Stock Exchange this week confirming that it has hired corporate finance advisers on the sale. It will also say that it has hired Merrill Lynch to advise on raising a €200 million bond from investors, which will be used to repay a similar bond that is...

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