€1bn Sought for Financial Times

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By: Irish Times

The Financial Times is being touted for sale by investment banks including Nomura, Credit Suisse and Bank of America Merrill Lynch, for up to £1 billion, the Daily Telegraph has reported.

Banks are said to be seeking offers for between £740 million and £1 billion for the Financial Times, equivalent to 37 times its projected earnings before income, taxation and depreciation in the current financial year.

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