Bonhill plc has received “indicative conditional offers” for its U.S. business, InvestmentNews LLC, and will provide a further update once a preferred buyer has been selected, the company said in a release.
Bonhill also said that it has received a conditional offer of £6.6 million in cash (U.S. $8.05 million) from a privately owned UK media company for its UK and Asia businesses. That transaction is expected to close in January, subject to the completion of satisfactory due diligence.
In October, Bonhill said it was conducting a strategic review of its businesses and a formal sale process.
Bonhill Group (AIM: BONH) is a B2B media company whose brands include InvestmentNews, ESG Clarity, Portfolio Adviser, Fund Selector Asia, What Investment, SmallBusiness.co.uk, GrowthBusiness.co.uk, Information Age, the Women in… events series and DiversityQ.
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