Business
Completion of sale of Bloomsbury Verlag GmbH
Completion of sale of Bloomsbury Verlag GmbH.
About this update from Bloomsbury Publishing Plc
[{"type":"text","content":"\n \nRNS Number : 3122A Bloomsbury Publishing PLC 29 March 2012 \n \n\nBloomsbury Publishing plc \nCompletion of sale of Bloomsbury Verlag GmbH and\nStrategic publishing partnership in Germany with Piper Verlag\n\n\nOn 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. \nThis 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.\n \nFor further information, please contact: \n \n\n\n\n\nDaniel de Belder/Rosanne Perry, Pelham Bell Pottinger \n\n\n+44 (0) 20 7861 3232\n\n\n\n\n\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLFFVIVTITFIF\n ","length":2233,"tagName":"div"}]