INM sells advertising firm

INDEPENDENT News & Media (SA) has sold its advertising company INM Outdoor for R1,1million.

INDEPENDENT News & Media (SA) has sold its advertising company INM Outdoor for R1,1million.

The company was bought by an investor group led by Helios Investment Partners, the parties said in a joint statement yesterday.

The group also consists of private equity firms Citi Venture Capital International, RMB Corvest and MSG Afrika Investments. - Sapa

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