Mecom in discussions to extend bank facilities

Mecom, a Northern Europe-focused publishing business, saw its shares rise after announcing that it is in discussions with its lenders to extend the term of the current bank facilities by one year.

Mecom, a Northern Europe-focused publishing business, saw its shares rise after announcing that it is in discussions with its lenders to extend the term of the current bank facilities by one year.

The share price was also boosted by the news the company's subsidiary, Koninklijke Wegener, had to pay €2.2m rather than €20.6m to the the Dutch Competition Authority, in respect of alleged breaches of undertakings given by Wegener at the time of its acquisition of VNU Dagbladen in March 2000. The fine was settled in December, it said.

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