29th Mar 2012 07:00
Bloomsbury Publishing plc
Completion of sale of Bloomsbury Verlag GmbH and
Strategic publishing partnership in Germany with Piper Verlag
On 29 February 2012, Bloomsbury Publishing Plc ("Bloomsbury") announced the sale of its German subsidiary Bloomsbury Verlag GmbH to a subsidiary of Bonnier AB and a strategic publishing partnership in Germany with Piper Verlag, a company in the Bonnier AB Group.
This transaction has now completed following regulatory approval by the Federal Cartel Office in Germany. Bloomsbury has received cash consideration of €2,574,000 for this disposal and €1,800,000 in respect of the rights and trademark deals announced at the same time.
For further information, please contact:
Daniel de Belder/Rosanne Perry, Pelham Bell Pottinger | +44 (0) 20 7861 3232 |
Related Shares:
Bloomsbury