Bloomsbury Concludes Sale of German Business

Publisher Bloomsbury Publishing plc (LSE:BMY) has completed the sale of its German subsidiary, Bloomsbury Verlag GmbH, the company announced today. The German publishing business was purchased for EUR2.574m in cash by a subsidiary of Swedish media group Bonnier AB and a strategic publishing partnership in Germany with Piper Verlag, a company in the Bonnier AB Group. In addition to the purchase price Bloomsbury received EUR0.8m for the German language rights in publications from the Bloomsbury trade divisions and a further EUR1.0m for use of the Bloomsbury Berlin and associated brands. These contracts