Bloomsbury Completes acquisition of Red Globe Press

On 23 April 2021, Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, announced that it has signed a sale and purchase agreement for the acquisition of certain assets of Red Globe Press (“RGP”), the academic imprint, from Macmillan Education Limited, a part of Springer Nature Group.

Bloomsbury today announces that pursuant to the terms of the sale and purchase agreement with Macmillan Education Limited, completion has taken place.

The consideration was £3.7 million, of which £1.8 million has been satisfied in cash at completion and up to £1.9 million will be paid post-completion, subject to assignment of certain contracts.

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