The debt laden Yellow Pages Group (YPG) firm is off the block now and according an analyst it would be surprising if the bankers of the company did not try to sell it again.

In the month of March 2007, the YPG was bought for 2.24 billion dollars. This was the largest buyout in the country by the Ontario Teachers' Pension Plan and Unitas Capital of Hong Kong.

Yellow Pages Group had also faced a huge loss during the preceding financial year. The company has said this in a recent statement. It has also said that the business climate is not suitable for the firm in this time period.

It has also said that it is not going Easy for the company to carry out large scale merger and acquisition deals.

The company had cleared that it had called off the sales process as the value expected from the sales would not meet the current market valuation.

The tender for the company closed in late August but before that the investment bank Goldman Sachs had spent few months in the marketing for the group to potential buyers.

The company has 1.7 billion dollars of debt with 28 debt holders and bankers and most of the potential bidders are thought to be only foreigners.