Independent News & Media PLC to explore “strategic options” for its South African operation

Independent News & Media PLC has just announced announced that it has appointed Investec and Canaccord Genuity Hawkpoint to explore a range of strategic options for its South African operation.

According to the announcement, “This process follows informal and unsolicited expressions of interest in respect of INM SA at a time when INM continues to assess a range of strategic options to delever its balance sheet.  No divestment decisions have been taken by the Company.”

Earlier today INM announced that Donal Buggy is to leave the group on 5th October, He will will be replaced as Group Chief Financial Officer by Eamonn O’Kennedy. Eamonn joined INM in 1999 as Group Finance Manager in the Group’s Head Office. In 2007, he was appointed Finance Director of the Group’s Irish operations and was appointed Finance Director of the Island of Ireland operations in 2011.

UK, London & Ireland, Dublin

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