The Week: City News - Emap announces review

Apax, the private equity company, has tabled an informal bid to buy Emap's business-to-business division, including Construction News and Retail Week, for £1.3 billion. The approach, despite being at an early stage, is understood to have prompted Emap's announcement last week that it was undertaking a review of its business. The company have also appointed Lazard and Citigroup to oversee the potential sale or demerger of some or all of its assets.