In a brief trading update, Reed Elsevier management had this to say about the sale of their b-t-b inesmagaz: “The process of divestment of Reed Business Information is at an advanced stage although in the present economic and credit environment a satisfactory outcome cannot be certain. As part of the process, a consortium of financing banks are in discussions with a small number of prospective buyers to provide financing. Reed Elsevier has indicated a willingness to provide financing support for any successful bid.” They also noted: “The performance of the magazine and information business has held up well during the […]
