Media group Daily Mail & General Trust  has abandoned plans to sell its regional newspaper division, Northcliffe Newspapers, because it failed to get the asking price.

Private equity firms Candover and CVC Capital Partners, submitted a joint bid. Candover told Financial News that it had no plans to raise its offer. CVC declined to comment.

Oliver Smiddy

Candover

Daily Mail & General Trust

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DMGT abandons sale of Northcliffe

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