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Business

Informa in talks to buy Springer of Germany

Nick Goodway
24 Nov 2009


Lloyd's List publisher Informa today said it is in early talks to take over its German trade magazines and journals publisher Springer Science and Business Media.

Springer's private-equity owners Candover and Cinven are reported to be looking at selling the business for a knockdown price of €400 million (£361 million).

That would probably mean Informa needing to launch its second rights issue of the year having raised £242 million in May to cut its debt.

Informa said that it had been given access to Springer's books, and added that any deal would be expected to generate significant value for its shareholders.

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