Dutch publisher PCM will buy from the Mecom newspaper group in Europe the 37 percent remaining interest in AD Nieuwsmedia (ADN) it does not already own, as well as the printing facilities of Mecom subsidiary Wegener in The Hague.
Mecom will use its earnings from the transaction to reduce its debt by about 27.5 million euros. Its current net debt stood at 566 million euros at the end of April, almost nine times its market value.
