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").
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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.
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