Guardian Media Group and its investment partner Apax have decided against a £2bn sale or floatation of Trader Media Group, according to a report this morning.
Sources told The Telegraph this morning GMG and Apax began planning on a possible sale of the Auto Express owner in October but that after examining options their would be no change in ‘the foreseeable future”.
Difficult economic conditions are reported to have played a part in the decision that considered four possibilities; sale, floatation, or two different forms of recapitalisation.
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