The company’s logo is displayed outside Pearson’s offices in London, Britain August 4, 2017. REUTERS/Neil Hall/File photo
Aug 12 (Reuters) – Education group Pearson ( PSON.L ) said on Friday it would sell 75% of its South African course publishing business to print manufacturing company Novus Holdings ( NVSJ.J ) for 53 million pounds ($64.30 million).
The company said the sale completes the strategic review of its international Cursaro local publishing businesses, the disposal of which will have a £15m-£20m impact on its adjusted operating profit in 2022.
The business being sold in South Africa includes its K12, Technical & Vocational Education and Training catalog and college curriculum.
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Reporting by Sinchita Mitra in Bengaluru On the same subject : JD Sports fills CEO position after 8 years with Schultz’s appointment.
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