The deal was given the go-ahead by "close to 98%" of the shareholders, leaving Bauer just a few steps away from being free to take charge of its new assets.
The group, comprising radio stations, including Magic and Kiss, and magazines, such as Heat and FHM, was sold for a combined £1.14bn, with consumer magazines going for £718m and radio for £422m.
In the next week or so, the German and Austrian authorities are expected to give clearance for the purchase, meaning the deal will be made official by the end of February, and in late March or early April, Emap shares will be delisted.
The next stage for Emap bosses is to hold an EGM to approve the sale of its business magazines to Eden Bidco Limited, a new company created by Apax Partners and Guardian Media Group.
A second circular will be sent to shareholders and an EGM will be held at the end of February.
The group, comprising radio stations, including Magic and Kiss, and magazines, such as Heat and FHM, was sold for a combined £1.14bn, with consumer magazines going for £718m and radio for £422m.
In the next week or so, the German and Austrian authorities are expected to give clearance for the purchase, meaning the deal will be made official by the end of February, and in late March or early April, Emap shares will be delisted.
The next stage for Emap bosses is to hold an EGM to approve the sale of its business magazines to Eden Bidco Limited, a new company created by Apax Partners and Guardian Media Group.
A second circular will be sent to shareholders and an EGM will be held at the end of February.
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