Centaur Media PLC Centaur completes disposal of HR business (6517X)
May 01 2019 - 2:00AM
UK Regulatory
TIDMCAU
RNS Number : 6517X
Centaur Media PLC
01 May 2019
1 May 2019
Centaur Media Plc
Centaur completes disposal of HR business to DVV Media
International
Centaur Media Plc ("Centaur" or the "Group"), an international
provider of business information and specialist consultancy,
announces that yesterday it completed the sale of Centaur Human
Resources Limited ("CHR").
CHR, whose brands include Employee Benefits Live, Employee
Benefits Connect and the Forum for Expatriate Management, has been
bought by DVV Media International Limited, for a cash consideration
of GBP5m (subject to customary post-completion adjustments).
The disposal is part of the divestment process that began last
October after Centaur concluded a strategic review and decided to
focus on its leading brands to improve operational execution. The
Group has also sold its financial services business for GBP5m.
Discussions about other assets are continuing and Centaur
expects to make further announcements in due course. As previously
disclosed, Centaur will consider the best use for the sale proceeds
once the divestment process is complete.
Enquiries
Centaur Media Plc
Andria Vidler, Chief Executive
Officer 020 7970 4000
Swag Mukerji, Chief Financial
Officer
Teneo
Paul Durman/Rebecca Hislaire 020 7420 3144
Note to editors
Centaur
Centaur is an international provider of business information and
specialist consultancy that inspires and enables people to excel at
what they do, raising the standard for insight, interaction and
impact.
Leading brands include: Econsultancy, Marketing Week, Festival
of Marketing, MarketMakers, Creative Review, Influencer
Intelligence, Fashion & Beauty Monitor, The Lawyer and
Oystercatchers.
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END
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