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Pearson sells 50% stake in the Economist Group

2015-08-12 11:14:05| Automakers - Topix.net

Pearson PLC has agreed to sell its 50% stake in the publisher of the Economist magazine to the unit's existing shareholders for GBP469 million in cash, the company's latest move to focus on education. Pearson on Wednesday said it would sell 27.8% of the Economist Group's ordinary shares and all of the B special shares to Exor SpA, the investment vehicle of Italy's Agnelli family, for GBP287 million.

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