LONDON (AFX) - UK newspaper publisher Daily Mail & General Trust PLC has put its language-training subsidiary up for sale, according to the Sunday Times.
The group, which has accelerated a restructuring programme after failing to find a buyer for its Northcliffe local newspaper business earlier this year, has appointed investment bank Greenhill to offload Study Group, said the Sunday Times.
The unit is worth about 80 mln stg, according to the report.
DMGT was unavailable for comment. simon.duke@afxnews.com sd/ra COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
The group, which has accelerated a restructuring programme after failing to find a buyer for its Northcliffe local newspaper business earlier this year, has appointed investment bank Greenhill to offload Study Group, said the Sunday Times.
The unit is worth about 80 mln stg, according to the report.
DMGT was unavailable for comment. simon.duke@afxnews.com sd/ra COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
© 2006 AFX News
