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Sat 11 Nov 2008INM set to sell off its interests in Australia
SIR ANTHONY O'Reilly's Independent News Media (INM) has signalled the end of its 20-year involvement in the Australian market by initiating a review of its control over 39.1 per cent of APN News Media, a business it tried to take private only last year.
INM, which said the development followed "a number of expressions of interest" in its APN stake, said any sale of the shares would reduce the net debt on its books to less than €600 million from €1.4 billion.
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