Mecom rejects approach by Dutch banks

The Finacial Times is reporting that Mecom has rejected an approach from Dutch banks Rabobank, ING and ABN Amro proposing that Mecom sell close to 50 per cent of its stake in Wegener, the group’s Dutch subsidiary and the largest publisher of regional daily newspapers in the Netherlands.

Mecom reported full-year revenues down 2 per cent to €1.41bn (€1.46bn) while losses, after exceptional items relating to cost-cutting and depreciation and amortisation of software, narrowed to €73m (€146.2m).

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UK, London

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