United News sells to Candover

United News sells to Candover

UNITED NEWS & Media, Lord Hollick's media group, yesterday confirmed the long-awaited sale of the last of its regional newspapers to a group led by Candover, the venture capital group, for pounds 360m. United News said it also agreed to sell its UPN Espana unit to Hebdo Mag International Group for pounds 42.75m. The sale agreements mark a further step in the consolidation of regional newspapers, as media companies rationalise their diverse operations.

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