INM buys Indonesia media group for €4.8m

Independent News & Media today announced that it will purchase 20% of an Indonesian media group, and publisher of 'Republika', one of Indonesia's highest circulating national daily newspapers, PT Abdi Bangsa TBK ,for €4.8m.

PT Abdi Bangsa TBK is listed on the Jakarta Stock Exchange and has several media interests in national newspapers, online publishing, radio, magazine and book publishing, and outdoor advertising.