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.
Wicklow Rose Ready To Bloom On TV Screens Tonight
Carolann McDonald will appear in tonight's second Rose of Tralee live show.
'Nothing Is Off The Table' - Wicklow TD Outlines Concerns Over Planned Fuel Excise Increases
Concern Grows For Missing 53-year-old
Sean Gaughan has now been missing for two weeks
Alarm As One In five Women Waiting Longer Than 10-Day Target For Urgent Breast Clinic Appointments
Teen Arrested After Dangerous Driving On N11 Bray
Gardaí saw a car going the wrong way in the southbound carriageway after 3am yesterday morning.
Light rain
High: 19°C | Low: 13°C
Medium-level cloud
High: 19°C | Low: 13°C
Light rain
High: 20°C | Low: 12°C
Light rain
High: 19°C | Low: 12°C
Light rain
High: 19°C | Low: 12°C
