0Q89 Thomson Reuters Corp

 
TIDM0Q89 
 
Thomson Reuters Announces Receipt of Binding Offer from Karnov Group to 
                       Purchase Legal Business in Spain 
 
Thomson Reuters Spanish legal business intended to be sold in conjunction with 
         Wolters Kluwer's legal research solutions in Spain and France 
 
TORONTO, Dec. 9, 2021 -- Thomson Reuters announced today that it has received a 
binding offer from Karnov Group ("Karnov") to purchase Editorial Aranzadi SAU 
("Thomson Reuters Legal Business Spain"). As part of the offer, Thomson Reuters 
Legal Business Spain is intended to be combined with and sold in conjunction 
with Wolters Kluwer France S.A.S ("Wolters Kluwer France") and Wolters Kluwer 
España, S.A. ("Wolters Kluwer Spain"). 
 
Logo - https://mma.prnewswire.com/media/13199/THOMSON_REUTERS_LOGO.jpg 
 
While the proposed sale includes Thomson Reuters' legal products and solutions 
specific to Spain, Thomson Reuters will continue to serve the Spanish market 
through its global content-driven technology solutions, including Westlaw 
International, Practical Law, Contract Express, ONESOURCE, Confirmation and 
HighQ, among others. 
 
"As a key player in content-driven technology, this transaction will allow us 
to focus on serving the Spanish market through our first-class global product 
suite. It will also enable us to further invest in key areas where we can 
deliver the most impact for our customers," said Steve Hasker, president and 
CEO of Thomson Reuters. "We believe this business will see continued success 
and growth under its new ownership." 
 
"With shared history and values, we see the proposed transaction with Thomson 
Reuters as an attractive opportunity to further grow a strong and respected 
business," said Pontus Bodelsson, CEO of Karnov Group. "As the digital 
transformation progresses, we're especially eager to serve customers in this 
market with the high-quality products and services required to most effectively 
do their jobs." 
 
Upon receipt of the offer, Wolters Kluwer and Thomson Reuters have granted 
Karnov an exclusive period of discussions. A transaction would be conditional 
upon antitrust approval in Spain. 
 
Thomson Reuters 
 
Thomson Reuters is a leading provider of business information services. Our 
products include highly specialized information-enabled software and tools for 
legal, tax, accounting and compliance professionals combined with the world's 
most global news service - Reuters. For more information on Thomson Reuters, 
visit tr.com and for the latest world news, reuters.com. 
 
CONTACTS 
 
MEDIA                                                INVESTORS 
Melissa Cassar                                       Frank J. Golden 
Head of Commercial Communications & Corporate        Head of Investor Relations 
Affairs                                              +1 332 219 1111 
+1 437 388 3619                                      frank.golden@tr.com 
melissa.cassar@tr.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

December 09, 2021 02:58 ET (07:58 GMT)

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