Bauer, which publishes Take a Break and TV Choice, has also bought Emap's 72% share in the magazine distribution business Frontline. Haymarket and BBC Magazines are also shareholders.
The fate of one Emap asset, its £3.7m-valued 40.1% share in Indian magazine publisher NextGen Publishing, has not been finalised. NextGen publishes a local version of Emap's Car under licence. Other shareholders in NextGen include Forbes & Company, with 40.9%, and HDFC, with 10.1%.
The sale of Emap's radio business to Bauer for £422m was completed on Tuesday.
The completions leave the way clear for Guardian Media Group and Apax to put the finishing touches to their £1bn acquisition of the remainder of Emap, announced on December 21. The sale of NextGen was not a pre-condition of this deal.
Emap's remaining B2B division houses magazines such as Construction News and Broadcast, as well as exhibitions, conferences and awards.
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