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WTKWY Wolters Kluwer (PK)

165.225
-0.035 (-0.02%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Wolters Kluwer (PK) USOTC:WTKWY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.035 -0.02% 165.225 161.89 168.36 165.41 162.80 164.035 11,488 21:10:15

Wolters Kluwer Legal & Regulatory to Divest Selected Publishing Assets in the Netherlands

14/10/2013 8:02am

GlobeNewswire Inc.


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Wolters Kluwer Legal & Regulatory has
reached agreements to sell several of its publishing assets and related
activities in the Netherlands. The transaction involves Binnenlands Bestuur,
Assurantie Magazine, and publications for general and financial management.

The move helps rebalance our European Legal & Regulatory operations towards
specialized information tools and productivity solutions for legal
professionals, and enables us to focus on long-term growth opportunities in this
core customer segment.

Binnenlands Bestuur will become part of Adfo Groep, owned by Sijthoff Media
Groep, a Dutch media company that publishes trade and consumer focused titles.
The other assets will be sold to B+B Vakmedianet, a Dutch publisher of business-
to-business titles.

Terms of the deal were not disclosed.

About Wolters Kluwer Legal & Regulatory
Wolters Kluwer Legal & Regulatory provides customers around the world with
expert content, solutions, software, and services in the areas of law, business,
and regulatory compliance. It has operations in North America, Europe, and Asia
Pacific. The primary customers of Wolters Kluwer Legal & Regulatory include law
firms, corporate law departments, business compliance professionals, corporate
legal counsels, legal educators, universities, libraries, and government
agencies.

Wolters Kluwer is a leading global information services and solutions company.
It provides information, software, and services that help legal, tax, finance,
and healthcare professionals make their most critical decisions effectively and
with confidence. Customers depend on Wolters Kluwer services and solutions to
successfully move through the complex layers of data and regulation that define
modern business and government.

Wolters Kluwer had 2012 annual revenues of €3.6 billion. The Group employs over
19,000 people worldwide and maintains operations in over 40 counties across
Europe, North America, Asia Pacific, and Latin America. The Company is
headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on NYSE Euronext Amsterdam (WKL) and are
included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored
Level 1 American Depositary Receipt program. The ADRs are traded on the over-
the-counter market in the U.S. (WTKWY).

Visit our website, YouTube, follow @Wolters_Kluwer on Twitter, or look up
Wolters Kluwer on Facebook for more information about our customers, market
positions, brand, and organization.

Forward-looking Statements
This press release contains forward-looking statements. These statements may be
identified by words such as "expect", "should", "could", "shall" and similar
expressions. Wolters Kluwer cautions that such forward-looking statements are
qualified by certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the forward-looking
statements. Factors which could cause actual results to differ from these
forward-looking statements may include, without limitation, general economic
conditions; conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological developments;
the implementation and execution of new ICT systems or outsourcing; and legal,
tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as
risks related to mergers, acquisitions, and divestments. In addition, financial
risks such as currency movements, interest rate fluctuations, liquidity and
credit risks could influence future results. The foregoing list of factors
should not be construed as exhaustive. Wolters Kluwer disclaims any intention or
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.

  Media                    Investors/Analysts

  Leslie Bonacum           Meg Geldens

  t +1 847 267 7153        t + 31 172 641 407

  info@wolterskluwer.com   ir@wolterskluwer.com
                           

PDF version of Press Release: http://hugin.info/130682/R/1735286/581421.pdf

[HUG#1735286]

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