Independent acquires stake in Indian publisher

Issuing its update for 2004, Independent News & Media plc today announced that it has entered into a sale and purchase agreement to acquire 26% of Indian newspaper publisher Jagran Prakashan Private Limited for €25.5m.

Independent acquires stake in Indian publisher

Issuing its update for 2004, Independent News & Media plc today announced that it has entered into a sale and purchase agreement to acquire 26% of Indian newspaper publisher Jagran Prakashan Private Limited for €25.5m.

This transaction is subject to Indian government approval and is expected to be completed in early 2005.

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