Completion of sale of Bloomsbury Verlag GmbH

RNS Number : 3122A

Bloomsbury Publishing PLC

29 March 2012

Bloomsbury Publishing plc

Completion of sale of Bloomsbury Verlag GmbH and

Strategic publishing partnership in Germany with Piper Verlag

On 29 February 2012, Bloomsbury Publishing Plc ("Bloomsbury") announced the sale of its German subsidiary Bloomsbury Verlag GmbH to a subsidiary of Bonnier AB and a strategic publishing partnership in Germany with Piper Verlag, a company in the Bonnier AB Group.

This transaction has now completed following regulatory approval by the Federal Cartel Office in Germany. Bloomsbury has received cash consideration of €2,574,000 for this disposal and €1,800,000 in respect of the rights and trademark deals announced at the same time.

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