Wolters Kluwer Legal & Regulatory Completes Divestment of Trade Media Assets in France
01 July 2016 - 10:00PM
July 1, 2016 - Wolters Kluwer Legal & Regulatory today
announces that it has completed the divestment of its French trade
media assets to Info6TM, a private B2B media company owned by
Francois Grandidier, the founder and owner of group ATC in
France. The planned divestment was
originally announced on January 14,
2016. The divestment follows
an exclusive period of consultations with local
staff representatives, in accordance with French legal
requirements.
The unit had revenues of €22 million in 2015 and
approximately 170 employees. The divestment is in line with Legal
& Regulatory's strategy to focus on legal information and
software solutions for law firms, corporate counsel, and other
legal and compliance professionals.
About Wolters
Kluwer
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information
services and solutions for professionals in the health, tax and
accounting, risk and compliance, finance and legal sectors. We help
our customers make critical decisions every day by providing expert
solutions that combine deep domain knowledge with specialized
technology and services.
Wolters Kluwer reported 2015 annual revenues of
€4.2 billion. The company, headquartered in Alphen aan den Rijn,
the Netherlands, serves customers in over 180 countries, maintains
operations in over 40 countries and employs 19,000 people
worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam
(WKL) and are included in the AEX and Euronext 100 indices. Wolters
Kluwer has a sponsored Level 1 American Depositary Receipt program.
The ADRs are traded on the over-the-counter market in the U.S.
(WTKWY). For more information about our solutions and organization,
visit www.wolterskluwer.com, follow us on Twitter, Facebook,
LinkedIn, and YouTube.
Wolters Kluwer Legal & Regulatory is a
division of Wolters Kluwer, serving customers around the world with
expert information solutions, software, and services in the areas
of law, business, and regulatory compliance. Customers of Wolters
Kluwer Legal & Regulatory include law firms, corporate law
departments, business compliance professionals, corporate legal
counsel, legal educators, universities, libraries, and government
agencies.
Media Contacts: |
|
|
Leslie
Bonacum |
Annemarije Pikaar |
|
Legal
& Regulatory Communications |
Corporate
Communications |
|
+1
847-267-7153 |
+31
(0)172 64 1470 |
|
leslie.bonacum@wolterskluwer.com |
annemarije.pikaar@wolterskluwer.com |
|
Investors/Analysts:
Meg Geldens
Investor Relations
+ 31 (0)172 641 407
ir@wolterskluwer.com |
|
|
|
|
|
Forward-looking
Statements
This report contains forward-looking statements.
These statements may be identified by words such as "expect",
"should", "could", "shall" and similar expressions. Wolters Kluwer
cautions that such forward-looking statements are qualified by
certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the
forward-looking statements. Factors which could cause actual
results to differ from these forward-looking statements may
include, without limitation, general economic conditions;
conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological
developments; the implementation and execution of new ICT systems
or outsourcing; and legal, tax, and regulatory rules affecting
Wolters Kluwer's businesses, as well as risks related to mergers,
acquisitions, and divestments. In addition, financial risks such as
currency movements, interest rate fluctuations, liquidity, and
credit risks could influence future results. The foregoing list of
factors should not be construed as exhaustive. Wolters Kluwer
disclaims any intention or obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.

PDF version of Press
Release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Wolters Kluwer NV via Globenewswire
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