British publisher Informa is in talks to buy its German rival Springer Science and Business Media from private equity firms Candover and Cinven, the FT says.
Informa initiated talks with Springer three weeks ago and is considering an all cash bid, according to its story,¬†but private equity firms including Apax and EQT are still looking at the business.
For the latest deals news from Reuters, click here.
And here are¬†the top stories from the newspapers (some external links may require subscription):
French fashion group PPR is planning to sell its retail businesses, including books and music chain FNAC and discount furniture business Conforama, as soon as it can, chief executive Francois-Henri Pinault told the WSJ.
Insurance broker Marsh & McLennan is closing in on a deal for HSBC Insurance Brokers, the UK’s ninth largest broker, valued at 150 to 200 million pounds, the Daily¬† Telegraph says.