The Week: City news - Emap sale given 'go-ahead'

The sale of Emap's consumer magazine and radio operation to the pubishing company H Bauer for £1.14 billion has been given the go-ahead by "close to 98 per cent" of shareholders.

The purchase will be made official by the end of February and, in late March or early April, Emap shares will be delisted. Emap shareholders have yet to cast their votes concerning the sale of its other remaining media asset, the business-to-business magazine and events operation, to Guardian Media Group and the private equity group Apax for around £1.2 billion.