EMAP has issued a statement announcing that it is reviewing the media group’s structure and asset portfolio “in response to various unsolicited proposals” it has received for parts of the group. It says all options will be considered including sale or demerger of some or all of its businesses.
Citi and Lazard will assist in the review. The statement adds that that hunt for a chief executive will continue.
The group has already agreed sales of its French business-to-business exhibitions, radio stations in the Republic of Ireland and 50% of the TV business, which are due to generate over £200m in cash proceeds.