Finance

What did I say?

Kristine Lowe

01 Apr 2009

Pleased to come out of a meeting and find, as I predicted would happen yesterday, that Mecom has secured another covenant test date extension from its banks - this one until 30 April. Not that you had to be a wizard to see that coming, but following the company closely helps. Now for the bigger question: which asset(s) will Mecom sell next? Its minority stake in Dutch AD Niewsmedia, its majority stake in Polish PressPublica, or something else entirely?

Update 02-04/09, 10am CET: The Telegrahp has an interesting take on yesterday's RNS.

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