The Week: City News - Emap costs worry bidders
The sale of Emap's business-to-business division may fetch less than its £1.3 billion price tag because of unforeseen expenses, according to a report in The Sunday Telegraph.
The newspaper says bidders are concerned they may face increased costs
of up to £100 million if they take on the responsibilities of the
parent company Emap plc, as Emap recently suggested it would like them
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to. The parent could be liable for unforeseen costs from the other two
divisions, consumer magazines and radio, which are also up for sale.
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