Banks test appetite for Guardian Media Group risk

CIBC World Markets, ING and Royal Bank of Scotland (RBS) are sounding out potential sub-underwriters for a loan to finance Guardian Media Group's acquisition of Trader Media Group.

Guardian Media bought 48% of Trader Media in 2000. It plans to acquire the rest of the company in a deal that values Trader Media at £1.1bn (€1.6bn). Trader Media publishes classified magazines in the automotive sector and counts Autotrader and Top Marques among its titles.

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