Summary:

B2B magazine and data publisher Informa is in preliminary talks to buy German academic publisher Springer Science + Business Media, majority…

Euro money
photo: Eric Caballero

B2B magazine and data publisher Informa is in preliminary talks to buy German academic publisher Springer Science + Business Media, majority owned by European PE houses Cinven and Candover. As it no doubt often has to point out, Springer is not part of German newspaper and mag publisher Axel Springer.

Lloyds List publisher and conference giant Informa announced on Tuesday that it has begun due diligence so it can propose the deal to shareholders, but its shares dropped 5.8 percent from £3.12 at the close of play Monday to £2.93 after the announcement, signaling a cautious response from the City.

There’s no mention of price, but Cinven and Candover were earlier this year in talks with other PE groups to offload up to 49 percent of the Springer unit for

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