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Flemish publisher buys Irish newspaper group

The Flemish publisher Mediahuis has bought the Irish newspaper group INM in a 145.6 million euro deal. Mediahuis’ Flemish titles include ‘Het Nieuwsblad’, ‘De Standaard’, ‘Het Belang van Limburg’ and ‘Gazet van Antwerpen’. The company also owns a number of Dutch titles such as the popular daily ‘De Telegraaf’ and the quality daily ‘NRC Handelsblad’.     

The deal to take over INM should be completed sometime in third quarter of this year. The shareholders of the Irish company will be given 10.5 euro/share. INM is quoted on both the Dublin and the London Stock Exchange.

INM is Ireland’s largest newspaper group with titles across the 32 counties. Its Dublin titles include the Irish Independent and the Sunday World, while the Belfast Telegraph is published in Northern Ireland.

The company employs around 800 people and had a turnover of 191 million euro in 2018. INM sells more than 1 million newspaper a week and is also provides popular sources of online news through its newspapers’ websites. There attract around 2.1 million visitors each week.