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UPDATE 1-Mecom sells Dutch businesses for 42 million euros


By : * To cut debt by 27.5 mln euros, more over next 4 years
Date posted :2009-06-04 09:30:00

* Says venture's ownership structure impeded modernisation

* Mecom shares rise 11 percent

(Adds detail on disposals, background, shares, analyst comment)

LONDON, June 4 (Reuters) - European newspaper group Mecom (MEC.L) is selling a stake in a newspaper venture and printing facilities in the Netherlands to its Dutch partner for 42.3 million euros ($60 million) to reduce its debt pile.

Dutch publisher PCM will buy the 37 percent in loss-making AD Nieuwsmedia it does not already own, as well as the printing facilities of Mecom's subsidiary Wegener in The Hague, Mecom said on Thursday, lifting its shares 11 percent.


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