National World Plc (LSE:NWOR) acquired Midland News Association Limited and Press Computer Systems Limited from Claverley Group Limited for £11 million on September 29, 2023. The consideration for the acquisitions, which excluded certain material real estate assets, was £11 million paid in cash at completion. The sale of the MNA will result in Claverley Group exiting from regional newspaper publishing and as such, the sale of Press Computer Systems was a logical extension to the deal for both parties. The newly-acquired titles also include a range of paid-for and free weeklies in the Midlands, Shropshire, Wales plus farming and lifestyle magazines. David Poutney and James Serjeant of Dowgate Capital Limited acted as financial advisor
to National World.

National World Plc (LSE:NWOR) completed the acquisition of Midland News Association Limited and Press Computer Systems Limited from Claverley Group Limited on September 29, 2023.