Australia's Seven West Media to sell Marie Claire publisher Pacific Magazines

Australia's Seven West Media to sell Marie Claire publisher Pacific Magazines

The headquarters of media broadcaster/publisher Seven West Media in Sydney, Australia February 14, 2017. REUTERS/Jason Reed

Australia’s Seven West Media Ltd said on Monday it had agreed to sell Marie Claire-publisher Pacific Magazines to German-based Bauer Media for A$40 million ($27.4 million), looking to simplify its business and wind down debt.

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