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Centaur sells HR events and news business for £5m

By BFN News | 07:57 AM | Tuesday 16 April, 2019


Centaur Media has struck a deal to sell its Human Resources business to DVV Media for £5m in cash. The transaction is expected to complete on 30 April 2019. The HR business include various events such as Employee Benefits Live and a website and supplements which provide news, analysis and research on the UK rewards and benefits industry. Centaur chief executive Andria Vidler said: 'This is the third disposal to arise from Centaur's divestment review and increases the disposal proceeds to £19.25m. We are pleased with the interest that we have seen from potential purchasers, a validation that we own strong brands that are well-positioned in their market segments.' Story provided by StockMarketWire.com

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