Media
Emap's bankers may offer loans to bidders
Published Monday, Sep 10 2007, 11:56 BST | By Joanne Oatts
In an attempt to ensure solid offers for the company, Emap may consider offering financing as part of any potential deal.
The practice, known as staple financing, would see Emap's bankers - which includes France's BNP Paribas, Citigroup, Barclays and Royal Bank of Scotland - providing the funds for potential bidders to buy parts of the radio and publishing group.
The move would be a way to ensure the current credit crisis in the city doesn't put buyers off.
According to Broadcast, around 30 interested parties are considering a bid for the whole of Emap or its separate divisions.
The practice, known as staple financing, would see Emap's bankers - which includes France's BNP Paribas, Citigroup, Barclays and Royal Bank of Scotland - providing the funds for potential bidders to buy parts of the radio and publishing group.
The move would be a way to ensure the current credit crisis in the city doesn't put buyers off.
According to Broadcast, around 30 interested parties are considering a bid for the whole of Emap or its separate divisions.
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