Brief: Wolters Kluwer Divestiture To Proceed Following Spanish Regulatory Clearance
03/11/2022 17:58
Nov 3 (Reuters) - Wolters Kluwer NV WLSNc.AS :
* WOLTERS KLUWER DIVESTITURE TO PROCEED FOLLOWING SPANISH
REGULATORY CLEARANCE
* WILL RECEIVE A CONSIDERATION OF EUR 120 MILLION AND
INTENDS TO
USE NET PROCEEDS FOR SHARE REPURCHASES IN 2023 IN ORDER TO
MITIGATE EARNINGS DILUTION CAUSED BY DIVESTMENT
* EXPECTS TO RECORD A NON-TAXABLE GAIN ON COMPLETION
* TRANSACTION IS EXPECTED TO CLOSE ON NOVEMBER 30, 2022
* SPANISH ANTITRUST AUTHORITY HAS GIVEN KARNOV GROUP
CLEARANCE TO
ACQUIRE LEGAL INFORMATION ASSETS OF WOLTERS KLUWER AND THOMSON
REUTERS IN SPAIN
Source text for Eikon: ID:nGNX76PMP5
Further company coverage: WLSNc.AS , KARNO.ST , TRI.TO
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