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    NVS   ZAE000202149

NOVUS HOLDINGS LIMITED

(NVS)
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End-of-day quote Johannesburg Stock Exchange  -  2022-10-03
3.100 ZAR   -1.27%
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Pearson to sell S.African courseware business to Novus for $64 million

08/12/2022 | 06:55am EDT
FILE PHOTO: FILE PHOTO: The company logo is displayed outside the Pearson offices in London

(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)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX -0.57% 415.49 Real-time Quote.-21.89%
DOW JONES SOUTH AFRICA(ZAR) -1.05% 1812.63 Real-time Quote.-7.72%
NOVUS HOLDINGS LIMITED -1.27% 3.1 End-of-day quote.32.48%
PEARSON PLC 0.42% 905.2 Delayed Quote.47.00%
S&P AFRICA 40 INDEX -0.70% 135.39 Real-time Quote.-22.12%
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08/12Pearson Agrees to Sell 75% of South African Courseware Business for 53 Million Pounds
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08/12Pearson Agrees $64 Million Sale of South African Local Courseware Business
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Financials ()
Sales 2022 3 014 M - -
Net income 2022 92,8 M - -
Net cash 2022 536 M - -
P/E ratio 2022 6,71x
Yield 2022 -
Capitalization 1 009 M 56,5 M -
EV / Sales 2021 0,01x
EV / Sales 2022 0,00x
Nbr of Employees -
Free-Float 31,1%
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Neil Birch Chief Executive Officer & Executive Director
Keshree Alwar CFO, Executive Director & Group Financial Manager
Phumla Mnganga Chairman
Lulama Mtanga Independent Non-Executive Director
Abduraghman Mayman Independent Non-Executive Director
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