GMG's decision to float an undisclosed minority stake of its wholly owned subsidiary on the London Stock Exchange comes four months after it appointed Merrill Lynch to conduct a strategic review.
GMG acquired the remaining 52% of TMG, which owns printers Apple Web Offset in Warrington, Acorn Web Offset in Normanton, West Yorkshire, and Wiltshire in Bristol, from fund managers BC Partners and GMG management in 2003, at which time the group was valued at just over 1bn.
In a statement, GMG said it had "decided to rebalance the group's current portfolio through the sale".
"This will be affected through an initial public offering on the London Stock Exchange at some stage during the financial year, subject to market conditions," said the statement.
"This will enable the group to retain a majority stake in Trader Media Group, while enabling further investment in other group businesses and the pursuit of other opportunities."
Have your say in the Printweek Poll
Related stories
Latest comments
"I am so pleased that all the staff at Reflections who were made redundant will finally get the money they are owed. Unfortunatly for all the staff at Wren Packaging who were made redundant, myself..."
"Thank you for the opportunity to comment on this Jo, and PrintWeek!
Please feel free to get in touch with the Howden Print Team to arrange your own Free of Charge Cyber Micro-Penetration Test to help..."
"I never quite understand the statements such as "achieved such a positive outcome for this well-established business".
The established business unfortunately failed and no longer exists, a..."
Up next...

Commitment, presence and energy will be much missed
Tributes paid to Lascelle Barrow

Around 300 roles may be affected
International Paper to close five UK packaging sites

Asset ownership delayed process
Reflections to be liquidated

'Start of a new era'