YBR Sale Gets Green Light

An article yesterday on bloomberg.com reported that European antitrust regulators have given the nod to the acquisition of Yellow Brick Road by an international private equity consortium. YBR is a holding comany that includes Fonecta (Finland), Mediatel (Austria and Czech Republic) and the Netherlands (Telefoongids). The buyers, led by Australia’s Macquarie Bank Ltd., bought the publishing group from the private equities 3i Group and Veronis Suhler Stevenson in May for 1.8 billion euros.