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Informa plc Announces Disposal Of Five Corporate Training Businesses

Friday, 19 Jul 2013 04:00am EDT 

Informa plc announced that it has signed a definitive agreement to sell five Corporate Training businesses to Providence Equity Partners (Providence) for a total consideration of up to $180 million. The initial consideration of $165 million, consists of $100 million in cash (net of indebtedness and working capital adjustments on completion) and a $65 million vendor loan. The cash element of the consideration will initially be used to reduce Group net debt. 

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-4.0 -0.72%
27 Feb 2015