The sale of a controlling stake in Argus Media is set to close next week after a two-month delay caused in part by tax issues, including one related to the energy reporting company’s executive chairman. Adrian Binks, who is also its publisher, is credited with turning what was once a small London-based energy newsletter into an almost £1bn enterprise over the course of the past 30 years
Sky News has learnt that ICG (LSE: 138026.L – news) – also known as Intermediate Capital Group – has tabled an offer to buy a sizeable stake in Argus, which is one of the UK’s biggest privately owned companies. ICG, which provides private debt, credit and equity across a range of industries, is an unexpected interloper into what has become one of the City’s most hotly contested auctions so far this year
Axel Springer, Europe’s biggest newspaper publisher by circulation, is taking full control of its digital classifieds joint venture for €446m in cash and an equity stake
Axel Springer AG and General Atlantic LLC today signed an agreement which relates to a future 30 percent-participation of General Atlantic in “Axel Springer Digital Classifieds GmbH”, a new company which will hold Axel Springer’s digital classifieds business
