GMG and Apax to spilt £100m Trader Media Group dividend
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GMG and Apax to spilt £100m Trader Media Group dividend

London : United Kingdom | Aug 08, 2011 at 5:22 AM PDT
Source: Guardian Unlimited
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Apax and GMG, parent company of Guardian News & Media, which publishes MediaGuardian.co.uk, will each take £50m as a special dividend following a debt refinancing at TMG which created a £150m cash reserve. After deciding to hold on to the investment, TMG announced a £150m loan extension in June. FULL ARTICLE AT Guardian Unlimited
 
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