Guardian sells Trader Media stake

Court move over Heathrow detention
Court move over Heathrow detention

The publisher of the Guardian and Observer newspapers has agreed to sell its remaining 50.1% stake in the owner of car classifieds brand Auto Trader in a deal reportedly worth over £600 million.

Guardian Media Group (GMG) is offloading the holding to private equity firm Apax Partners, which bought 49.9% of Trader Media Group for nearly £700 million in 2007.
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