Banks eye Yellow Pages publisher

AOL Money Staff
Yellow Pages
Yellow Pages

The publisher of Yellow Pages is set to be taken over by a syndicate of banks under plans to tackle its £2.2 billion debts, it has been reported.

Hibu, which is the new name for directories firm Yell, has been unable to shake off the legacy of a costly expansion drive that saw it snap up its biggest rivals in Spain, America and parts of Latin America.