The board of Emap has announced that, in response to various unsolicited proposals it has received recently for parts of the group, it is undertaking a review of Emap’s group structure and portfolio of assets. 

All options to maximise shareholder value will be examined, including a possible sale or demerger of some or all of its constituent businesses.  

Citi and Lazard have been retained by the board of Emap to assist on the review. 

The search for a new chief executive will continue in tandem with the review process.

Since the announcement of its year end results in May, Emap has been successful in accelerating its strategy of reshaping the group.  The agreed sales of the French B2B exhibitions, Republic of Ireland radio stations and 50% of the TV business are due to generate over £200m in cash proceeds, unlocking significant value for shareholders. The recent investments in GroundSure, Infrastructure Journal and Next Gen Publishing are also in line with its strategy.

At the AGM on 12 July, Emap confirmed that its 2008 financial year had started in line with its expectations. The board confirms that Emap remains on track to deliver against expectations for the full year.