Portobello's Rausing buys Granta

<p>Granta has been sold to Sigrid Rausing, British based philanthropist and publisher, by its American owner Rea Hederman.
The sale includes Granta Books and Granta magazine and is for an undisclosed sum. Rausing also owns Portobello Books, which she founded with her husband Eric Abraham and former Flamingo publisher Philip Gwyn Jones earlier this year. She intends to keep Granta Publications and Portobello Books as separate imprints and entities.
Hederman has held a controlling share in Granta since 1987. He said: "I'm delighted that Granta will remain an independent publishing company and...

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