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Times Media Group Ltd's Avusa Publishing Proprietary Limited To Acquire Pearson Overseas Holdings Limited's 50% Shareholding In BDFM Publishers (Pty) Limited


Monday, 15 Apr 2013 02:59am EDT 

Times Media Group Ltd announced that Avusa Publishing Proprietary Limited, a subsidiary of TMG, has reached an agreement with Pearson Overseas Holdings Limited to acquire Pearson’s 50% shareholding in BDFM Publishers (Pty) Limited (BDFM) and all of Pearson’s claims against BDFM, subsidiaries and/or associates (other than claims which may arise in terms of the syndication agreement referred to below), such that following the implementation of the acquisition Avusa Publishing Proprietary Limited will BDFM’s sole shareholder (Acquisition). The effective date of the Acquisition is the third business day after the date on which the last of the aforementioned conditions are fulfilled or waived, as the case may be. 

Company Quote

2150.0
5.0 +0.23%
21 Nov 2014