How the €145.6m Mediahuis deal for INM was done

Belgian company bought newspaper group for little more than price of a long-range private jet

Mediahuis CEO  Gert Ysebaert  and Thomas Leysen, its chairman,  in Dublin this week. Photograph; Nick Bradshaw

Mediahuis CEO Gert Ysebaert and Thomas Leysen, its chairman, in Dublin this week. Photograph; Nick Bradshaw

The Belgian banking group KBC, which has an Irish presence, held its main board meeting in Dublin a few years back. Its chairman, Flemish industrialist Thomas Leysen, ran the gathering in a private room at the five-star Merrion hotel.

On Tuesday he returned, this time as chairman of Mediahuis. The Belgian newspaper group had just agreed a bargain-basement deal to buy Independent News & Media (INM), the State’s largest news publisher, for €145.6 million.

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