28 Sep 2010

Yellow Pages Group no longer for sale

6:46 pm on 28 September 2010

The loss-making Yellow Pages Group is being pulled off the market because its owners say now's not the right time to sell.

The directories' owners, Hong-Kong-based Unitas Capital, say they will no longer consider offers to buy the company.

They say that it's not the right time for large-scale merger and acquisition activity, and that the value of the Yellow Pages Group in the current market wouldn't meet its expectations.