Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Electra sells HMSO unit

Wednesday 14 July 1999 23:02 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

THE PUBLISHING ARM of Her Majesty's Stationery Office (HMSO), which was privatised three years ago, has been sold by Electra Fleming to its existing management team and Apax Partners for pounds 82m.

The Stationery Office Holdings (TSOH) forms about a quarter of the business acquired from the government in 1996 by Electra Fleming for pounds 54m. Electra then invested a further pounds 65m on restructuring.

Apax announced yesterday that Rupert Pennant-Rea, the former deputy governor of the Bank of England, will continue as chairman and Fred Perkins as chief executive of TSOH. The company publishes several household names including Hansard, The Highway Code and Whitaker's Almanack.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in