Emap has released a statement announcing that it has received interest for all parts of the group, having previously announced a review that could see the company broken up.
The strategic review of its £2 billion radio, business-to-business and consumer magazine operation was announced in July, with today’s statement saying that the board is preparing to send information to bidders.
On the back of the announcement, Emap’s share price rose almost 5% this morning to 875p, an increase of almost 40p.
The group also said that its B2B division continues to deliver strong underlying revenue growth; Radio is performing well in what appears to be a more positive market.
The group also noted that whilst revenue growth remains challenging in its consumer magazine markets, there is increasing confidence that the operational efficiency initiatives commenced last year will deliver benefits earlier than anticipated.
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