FINANCES, BUSINESS VENTURES. OVEFRALL INCOME

Emap's banks could finance bids for its magazine division By Sam Fountain, 10 September 2007, emailed 3 times.

Finnish publisher, Sanoma magazines has reportedly joined in the European feeding frenzy surrounding the sale of Emap's magazine division, which the group's lending banks may be willing to extend credit for. Finn fillies: Finnish publishers have joined the fray for Emap's consumer magazine division Sanoma, which publishes more than 300 titles in 12 countries, including Emap's FHM and Top Sante in Europe, has joined the likes of European magazine groups Mondadori, Lagardere, and Hachette-Filipacchi in expressing interest in the business.It has been reported that Emap, which has relationships with banks including BNP Paribas, Society Generale, ABN Amro, Citigroup and Royal Bank of Scotland, has indicated that it may be able to help with financing for potential bidders, easing worries raised by the current liquidity squeeze in the credit market.