In a deal announced to the stock exchange this morning, shareholders are to receive 10.5 cent per share.
INM owns a number of national and regional titles including the Irish and Sunday Independent, the Sunday World, The Belfast Telegraph, and a number of regional newspapers including the Wicklow and Bray People and the Gorey Guardian.
The deal will need regulatory approval.
Elderly Man Hospitalised With Serious Injuries Following Bray Bus Collision
Snow Warning Issued For Wicklow After A Day of Wind and Rain
Arklow Born Olympic legend Ronnie Delany — Immortalised Forever In Gold Dies Aged 91
Wicklow To Receive Government Funding To Bring Vacant Local Authority Homes Back Into Use
Major Wicklow Train Station Upgrade Moves Ahead as DART Plans Progress