Apax and Guardian in talks over Auto Trader deal

autotraderPrivate equity firm Apax is in talks with Guardian Media Group (GMG) about potentially buying the newspaper group’s stake in Trader Media Group, the publisher of Auto Trader, in a deal that could raise up to £600m. GMG owns 50.3pc of Trader Media Group and, under a shareholder agreement struck with Apax in 2007, each party has the right to buy out the other if they decide to sell their stake.

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