McCann FitzGerald advises Independent News & Media plc on the disposal of its shareholding in APN News & Media

We advised Independent News & Media plc (INM) in respect of the sale, by way of an underwritten block trade, of 191,541,073 ordinary shares in APN News & Media Limited (APN), being the entire shareholding of the INM group in APN and representing 18.6% of the issued share capital of APN. The sale will be completed in 2 tranches, with tranche 2 of the sale being subject to approval of INM shareholders.