Pearson to sell South African course materials business to Novus for $64 million
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 &Read News