Mondadori Group: acquisition of 100% of Chelsea Green Publishing Company Completed

The Mondadori Group reports that its subsidiary Rizzoli International Publications Inc. has finalised – in execution of the agreement signed and already disclosed on 15 April – the acquisition of 100% of the share capital of Chelsea Green Publishing Company.

As previously disclosed, the consideration for the acquisition, paid fully in cash at closing, was set at $ 5 million (on a debt and cash free basis) and will be subject to adjustment according to the Net Financial Position at the date of completion of the acquisition.