Pearson sells Economist Group stake for £469m

Existing shareholder Exor increases its holding from 4.7% to 43.4% to become the largest single shareholder in the publishing groupPearson has sold its 50% stake in the Economist Group, publisher of the Economist newspaper, to existing shareholders for £469m in cash.The deal, a fait accompli following Pearson’s sale of the Financial Times to Nikkei for £844m last month, will see a major change in the power structure of the major shareholders that control the Economist Group. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2015-08-12 00:00:00 UTC ]

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