Pearson Plc sells K12 Courseware Businesses in Italy & Germany for £163mn

LONDON, UK: Pearson Plc has agreed to sell its local K12 Courseware businesses in Italy and Germany to Sanoma Corporation, a leading European K12 learning services company operating in 11 countries and listed in Nasdaq Helsinki (SAA1V). The headline consideration of this transaction is £163 million, which will be paid in cash on completion, subject…