Completion of the sale of Edu

RNS Number : 8611I

Huveaux PLC

19 March 2010

 



Huveaux plc

("Huveaux" or the "Company")

Completion of the sale of Education Division

Further to the announcement on 4 March 2010, the board of Huveaux is pleased to confirm that it has today completed the sale to Harper Collins Publishers Limited of the entire share capital of Letts Educational Limited and Leckie & Leckie Limited and of the business and assets of Lonsdale (together the "Education Division") for a cash consideration of £10.0 million.

The preliminary statement of audited results for the year ended 31 December 2009 will be released on 22nd March 2010.

Enquiries:

Fortress plc Kevin Hand Non-Executive Chairman Gerry Murray Chief Executive Officer Rupert Levy Group Finance Director

Telephone 020 7811 5026

KPMG Corporate Finance (financial adviser) David Elms Susan Walker

Telephone 020 7311 1000

Brewin Dolphin Limited (nominated adviser) Sandy Fraser

Telephone 0845 213 2072

 

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