a private equity firm. In April 2019, it was reported that INM had accepted an ownership bid of €145.6 million from Belgian media group Mediahuis. The offer was subject to acceptance by shareholders at an EGM, competition authority approval and government approval. In May 2019, Mediahuis increased their stake to 29.9%. An EGM held on 26 June 2019 approved the Mediahuis offer. On 10 June 2019, the CCPC, who are the Irish competition authority, approved the acquisition. On 28 June 2019, the acquisition received approval of shareholders. The acquisition was then subject to the approval of the Minister for Communications and the sanction of the High Court, as it was executed by way of a scheme of arrangement. On 16 July 2019, it was announced that the court hearing would be on 30 July 2019. On 29 July 2019, Richard Bruton, the Minister for Communications, “unconditionally” cleared the proposed deal. On 30 July 2019, court approval was received for the deal. Trading of INM shares on Euronext Dublin (formerly the Irish Stock Exchange) and the London Stock Exchange was suspended, with the cancellation of shares taking effect on 1 August. INM was then re-regisrered as a private limited company. The process to buy up all of INM's outstanding shares from around 7,000 shareholders took place until the end of August 2019. Mediahuis ownership (September 2019 – present) In October 2019, it was reported that INM were closing their CityWest print plant. In November 2019, it was announced that Mediahuis plans to transfer €60m to Belgian parent from INM. In July 2020, it was reported that INM had acquired motor data company Cartell.ie. In July 2020, it was announced that Independent News & Media had reached an agreement to sell their 50% stake in Independent Star to Reach plc. The agreement was subject to competition authority approval and was cleared by CCPC, the Irish competition authority and the Minister for Communications on 20 November 2020. The deal became effective in December 2020. Current assets Ireland: National newspapers The Herald Irish Independent Sunday Independent Sunday World Ireland: Regional newspapers The Kerryman Drogheda Independent The Sligo Champion Wicklow People Wexford People Belfast Telegraph Sunday Life The Argus New Ross Standard The Corkman Ireland: Magazines Ireland's Own Ireland: Websites operated Independent.ie CarsIreland.ie NIcarfinder ClickAndGo PropertyNews.com NIjobfinder RecruitNI Farm Ireland Cartell.ie Ireland: Print facility The company's printing facility is at Citywest. Ireland: Distribution and delivery