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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Fairfax will not buy APN stake

Fairfax Media has ruled out buying a big slice of APN News & Media, the Australian-based company in which Independent News & Media has a 39.1% stake that is up for disposal. Fairfax's chief executive David Kirk said that with such a low share price at present Fairfax would not be "remotely interested in raising equity for an acquisition". (Via New Zealand Herald/NZPA)

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