INM refuses to comment on assets speculation
The Tony O’Reilly-led newspaper publishing and media group confirmed earlier this week, that it would be seeking to sell a number of non-core assets as part of its cost savings initiatives.
Two subsidiary companies — Cashcade, which operates the Foxybingo.com gaming website in Britain, and Verivox, a Germany-based price comparison website — have been mentioned as likely sale candidates. While INM would not comment on this, an industry source suggested these would certainly be the type of assets likely to be sold. They added most disposals would also probably be international, rather than Ireland- based.
