Caxton sells stake in Pearson Southern Africa for $68 mln

JOHANNESBURG Fri Aug 30, 2013 9:38am EDT

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JOHANNESBURG Aug 30 (Reuters) - South African publishing firm Caxton said on Friday it will sell its 15 percent stake in Pearson Southern Africa for 703.3 million rand ($68 million) to publisher Longman Group.

Pearson Southern Africa publishes academic books in 11 countries in sub-Saharan Africa. ($1 = 10.3205 South African rand) (Reporting by Tiisetso Motsoeneng; Editing by Jon Herskovitz)

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