PRH Takes 100% Ownership of Random House Struik

Penguin Random House has completed the purchase of South Africa-based Random House Struik.

Random House Struik was formed in 2008 following the merger of Random House South Africa and Struik Publishers. Times Media Group's New Holland Publishing held a 50.1% stake in the company, while The Random House Group owned 49.9%.

Following a deal completed on Friday (13th December) Penguin Random House now takes 100% ownership of the company.