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Freshly greened Blackwell denies its up for sale.(Blackwell Publishing )
Byline: mark chillingworth
Mark Chillingworth
Blackwell Publishing CEO RenA[c] Olivieri has denied press reports that the publishing company has been put on the market by its owners, the Blackwell family.
A Financial Times story last month claimed that if the Blackwell family sold Blackwell Publishing it would raise [pounds sterling]600m for the ailing bookshop business.
"These articles show up from time to time," said Olivieri, who claimed the FT had misrepresented the Blackwell empire as one corporate entity.
"They are two separate companies; it is not a publishing arm and a bookshop," he said, adding that there was merely a major shareholder overlap, with members of the Blackwell family being dominant shareholders in both companies.
Brushing aside growing speculation of an acquisition by venture capitalists, and that financial advisers JP Morgan Cazenove had been appointed, Olivieri said that the 2005 figures would show the best year yet.
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