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Money Marketing&#39s parent company to be floated

Centaur Communications, the parent company of Money Marketing, has been sold and is to be floated on the Alternative Investment Market on March 10.

A newly created company, Centaur Holdings, is to buy the privately owned publishing house, which has been valued at approximately £145m. The acquisition has been funded by around 40 City institutions including pension funds and life companies.

The initial placing at 100p per share has been fully underwritten by stockbrokers and investment bank Numis Securities.

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