28 March 2012
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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