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Deal snapshot: JOHNSTON PRESS CLOSES SALE OF 13 UK PUBLISHING TITLES, WEBSITES FOR GBP 17M.

MANews-(C)2009-2017

UK-based multimedia company Johnston Press plc has closed the disposal of 13 publishing titles and associated websites in East Anglia and East Midlands areas of the UK for GBP 17m (USD 20.85m) in cash, the company said.

In the deal, the company sold the entire issued share capital of Johnston Publishing East Anglia Ltd, to Iliffe Media Ltd. The disposal was originally announced on 16 December 2016 and was approved by shareholders of Johnston Press at a general meeting on 11 January 2017.

Country: UK

Sector: Media

Target: Johnston Publishing East Anglia

Buyer: Iliffe Media Ltd

Vendor: Johnston Press

Deal size in USD: 20.85m

Type: Divestment

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Jan 20, 2017
Words:118
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