Thomson Reuters Disposal
09 12월 2021 - 4:58PM
UK Regulatory
TIDM0Q89
Thomson Reuters Announces Receipt of Binding Offer from Karnov Group to
Purchase Legal Business in Spain
Thomson Reuters Spanish legal business intended to be sold in conjunction with
Wolters Kluwer's legal research solutions in Spain and France
TORONTO, Dec. 9, 2021 -- Thomson Reuters announced today that it has received a
binding offer from Karnov Group ("Karnov") to purchase Editorial Aranzadi SAU
("Thomson Reuters Legal Business Spain"). As part of the offer, Thomson Reuters
Legal Business Spain is intended to be combined with and sold in conjunction
with Wolters Kluwer France S.A.S ("Wolters Kluwer France") and Wolters Kluwer
España, S.A. ("Wolters Kluwer Spain").
Logo - https://mma.prnewswire.com/media/13199/THOMSON_REUTERS_LOGO.jpg
While the proposed sale includes Thomson Reuters' legal products and solutions
specific to Spain, Thomson Reuters will continue to serve the Spanish market
through its global content-driven technology solutions, including Westlaw
International, Practical Law, Contract Express, ONESOURCE, Confirmation and
HighQ, among others.
"As a key player in content-driven technology, this transaction will allow us
to focus on serving the Spanish market through our first-class global product
suite. It will also enable us to further invest in key areas where we can
deliver the most impact for our customers," said Steve Hasker, president and
CEO of Thomson Reuters. "We believe this business will see continued success
and growth under its new ownership."
"With shared history and values, we see the proposed transaction with Thomson
Reuters as an attractive opportunity to further grow a strong and respected
business," said Pontus Bodelsson, CEO of Karnov Group. "As the digital
transformation progresses, we're especially eager to serve customers in this
market with the high-quality products and services required to most effectively
do their jobs."
Upon receipt of the offer, Wolters Kluwer and Thomson Reuters have granted
Karnov an exclusive period of discussions. A transaction would be conditional
upon antitrust approval in Spain.
Thomson Reuters
Thomson Reuters is a leading provider of business information services. Our
products include highly specialized information-enabled software and tools for
legal, tax, accounting and compliance professionals combined with the world's
most global news service - Reuters. For more information on Thomson Reuters,
visit tr.com and for the latest world news, reuters.com.
CONTACTS
MEDIA INVESTORS
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Head of Commercial Communications & Corporate Head of Investor Relations
Affairs +1 332 219 1111
+1 437 388 3619 frank.golden@tr.com
melissa.cassar@tr.com
END
(END) Dow Jones Newswires
December 09, 2021 02:58 ET (07:58 GMT)
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