Ascential to go for London listing
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Media company and i2i Events owner, Ascential has announced plans for a listing on the London stock market. Analysts estimate such a move would value the company, formed from the ashes of Emap, at £800m.
Ascential has reduced its debt burden that was put at around £700m when it was acquired by Apax and Guardian Media Group in 2008 for £1bn, to around £410m today. And an initial public offering (IPO) could see that debt cut in half.
The company changed Read more [...]