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Pin to quick picksCentaur Regulatory News (CAU)

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Centaur completes disposal of HR business

1 May 2019 07:00

RNS Number : 6517X
Centaur Media PLC
01 May 2019
 

1 May 2019

 

Centaur Media Plc

 

Centaur completes disposal of HR business to DVV Media International

 

Centaur Media Plc ("Centaur" or the "Group"), an international provider of business information and specialist consultancy, announces that yesterday it completed the sale of Centaur Human Resources Limited ("CHR").

 

CHR, whose brands include Employee Benefits Live, Employee Benefits Connect and the Forum for Expatriate Management, has been bought by DVV Media International Limited, for a cash consideration of £5m (subject to customary post-completion adjustments). 

 

The disposal is part of the divestment process that began last October after Centaur concluded a strategic review and decided to focus on its leading brands to improve operational execution. The Group has also sold its financial services business for £5m.

 

Discussions about other assets are continuing and Centaur expects to make further announcements in due course. As previously disclosed, Centaur will consider the best use for the sale proceeds once the divestment process is complete.

 

 

Enquiries

 

Centaur Media Plc

Andria Vidler, Chief Executive Officer

020 7970 4000

Swag Mukerji, Chief Financial Officer

 

 

 

Teneo

 

Paul Durman/Rebecca Hislaire

020 7420 3144

 

 

Note to editors

 

Centaur

Centaur is an international provider of business information and specialist consultancy that inspires and enables people to excel at what they do, raising the standard for insight, interaction and impact.

 

Leading brands include: Econsultancy, Marketing Week, Festival of Marketing, MarketMakers, Creative Review, Influencer Intelligence, Fashion & Beauty Monitor, The Lawyer and Oystercatchers.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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