Informa could sell parts to reduce debt
Posted
by
Rachael Gallagher
on 22 December 2008
at 10:57
Tags: B2B Magazines, Magazines
Business publisher Informa is looking to reduce its debt to less than £1bn and could sell off parts of its business reports The Independent.
The company’s net debt for its half-year results in July was £1.22 bn.
A source said: “Institutions and the market have – incorrectly, in the company’s view – marked Informa down as overgeared at three times Ebitda [a calculation of profit], and so the board has accepted that it will have to get below £1bn of debt. Divestments are one of the ways of solving that problem.”
Tags: B2B Magazines, Magazines
