Centaur completes disposal of HR business

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 £5m (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 £5m.

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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