Independent News & Media looks at cash options

Independent News & Media is confident of securing bank funding to help it make further acquisitions.

INM cleared its debt mountain, which stood at €420m just three years ago, with the sale of its stake in Australia’s APN News & Media group earlier this year.

At that time, it said it was keen on boosting its growing digital operations via acquisition. With €35.4m of net cash now available, analysts view INM being in a position to pursue takeover targets and/or return cash to shareholders.