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BRIEF-Ascential ‍agrees to sell remaining 11 UK-based heritage brands
June 1, 2017 / 6:20 AM / 2 months ago

BRIEF-Ascential ‍agrees to sell remaining 11 UK-based heritage brands

1 Min Read

June 1 (Reuters) - Ascential Plc:

* Agreed sale of remaining 11 UK-based Heritage Brands to Metropolis International Ltd for a consideration of 23.5 mln stg​

* Consideration of 23.5 mln stg, payable in cash and subject to normal working capital adjustments​

* Sale has completed and proceeds will be used to reduce Ascential's net debt​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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