Reuters to float online investments

Media giant looking to capitalise on Internet fever

Global information firm Reuters Group is planning to float its fund of new media investments in a move to adapt to the Internet age, the Financial Times reported Wednesday.

The company proposes to float 25 percent of the shares in the Greenhouse Fund, which was founded four years ago and has invested about $100m (£610m) in 38 Internet companies.

Reuters is due to announce early next month a shakeup in its Internet and e-commerce strategy. The company is also said to be considering a partial flotation of its Instinet electronic broking business, valued at more than £3bn.

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