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SPH Interactive International Pte Ltd (SPHII), a subsidiary of Singapore Press Holdings Limited, will sell a 20% stake in its online directory search services 701Sou (in Hong Kong) to Malaysian group Star Publications Berhad. The sale represents a transaction of 5,000,000 Singapore dollars (2.5 millions euros)
Home page of search service 701Sou, available in Chinese and English
Shanghai Electric (Group) Corporation (SEC) and the shareholders of Goss International Corporation, including majority shareholder MatlinPatterson Global Opportunities Partners, have reached an agreement for manufacturing conglomerate to become the second largest shareholder of Goss International.
Spanish media conglomerate Prisa might sell a share of its profitable Grupo Santillana subsidiary, responsible for all of Prisa's publishing, education and training activities. "It is understood that Prisa could be looking to sell up to 30 percent of the business in a deal that could fetch up to 360 million euro (US$511 million)," according to the Financial Times. FT’s owner, the Pearson group, is one of the likely buyers.
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.
