India and Indonesia in Independent News & Media sights

Now that its takeover of APN seems likely, Tony O’Reilly’s Independent News & Media has announced an “expansion strategy” to add shareholder value.

INM’s Chief Financial Officer Donal Buggy has told media analysts: “We’ll certainly look to improve shareholder value, be it through selective acquisitions, further dividend increases or even maybe a share buyback.”

The company will target expansion of its presence in high-growth markets like India, Indonesia and other parts of Asia.