Financial Times FT.com

Mecom reassures on debt following disposals

By Tim Bradshaw

Published: February 18 2009 17:46 | Last updated: February 18 2009 17:46

Mecom looks likely to meet an imminent test of its debt levels after selling several of its Norwegian newspaper assets.

The European newspaper group, headed by the former Mirror chief David Montgomery, is facing a covenant test at the end of the month amid concerns about its €650m (£575m) net debt pile.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this