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Guardian Media in talks to sell Trade Media arm: FT

LONDON
Wed Feb 21, 2007 10:15pm EST

LONDON (Reuters) - Britain's Guardian Media Group is in talks with three private equity firms over a sale of its Trade Media arm, which is valued at about 1.3 billion pounds ($2.54 billion), the Financial Times reported on Thursday.

Apax, Blackstone Group and Candover Investments Plc were understood to be in discussions with the privately held company about Trader Media Group, which publishes the Auto Trader advertising guide, the FT said, quoting people close to the situation.

A deal was likely to be agreed in the coming months, the newspaper added.

A comment was not immediately available from Guardian Media, which publishes the Guardian and Observer newspapers.


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