Motivate Publishing and private equity investors Abraaj have shelved discussions on a possible partial acquisition of the publishing group.
The talks, which have gone on for several months, were reported unofficially in The National newspaper last month. Ian Fairservice, managing partner of Motivate Publishing, said: “Since our discussions became public we took the view that they should be concluded as soon as possible, one way or another, to avoid uncertainty for any of our stakeholders. We were excited about Abraaj’s approach and their keen interest in investing with us, however we have taken the decision that the timing is not right.”
Matteo Stefanel, executive director of Abraa
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