Brief: Gyldendal Sells Its Dictionary Activities To Ordbogen A/S

Gyldendal A/S

01/03/2022 11:13

March 1 (Reuters) - Gyldendal A/S  GYLDb.CO :
    * SOLD ITS DICTIONARY ACTIVITIES TO ORDBOGEN A/S, WHICH
OPERATES
ORDBOGEN.COM.
    * DICTIONARIES HAVE BEEN PART OF GYLDENDAL'S PORTFOLIO FOR
OVER
100 YEARS, BUT THE MARKET HAS CHANGED IN RECENT YEARS AND
REQUIRES A DIFFERENT FOCUS
    * AS A RESULT OF THE TRANSACTION, GYLDENDAL WILL RECEIVE NET
PROCEEDS OF ABOUT DKK 40 MILLION

Source text for Eikon:  ID:nGNE8fblRC 
Further company coverage:  GYLDb.CO 

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