(Reuters) - Education group Pearson said on Friday it will sell 75% of its South African courseware publishing business to print production firm Novus Holdings for 53 million pounds ($64.30 million).
The company said the sale concludes the strategic review of its International Courseware local publishing businesses, whose disposal will have a 15 million-20 million pound impact to its 2022 adjusted operating profit.
The business being sold in South Africa includes its K12, Technical & Vocational Education and Training catalogue and higher education courseware.
($1 = 0.8242 pounds)
(Reporting by Sinchita Mitra in Bengaluru)
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| 447.2 PTS | -0.01% | -1.54% | - | ||
| 4.35 ZAR | -5.43% | +1.16% | 65.25M | ||
| 151.4 PTS | +0.08% | +0.05% | - | ||
| 1,939 PTS | -0.33% | +1.74% | - | ||
