Informa Lands Deal To Sell Lloyd's List For £385M To Montagu

By Dawood Fakhir (August 4, 2022, 5:32 PM BST) -- Informa PLC agreed on Thursday to sell its shipping news business to European private equity firm Montagu for £385 million ($466 million) in cash, a deal in which Magic Circle law firm Clifford Chance acted for the British publishing giant.

Informa, listed on the FTSE 100 index of the London Stock Exchange, will retain a 20% equity interest in Maritime Intelligence, the publication better known as Lloyd's List, the scholarly research publisher said.

The sale completes Informa's restructuring plan, in which it has sold subsidiaries and bought new businesses to improve its position in the academic market.

"Over the past year,...

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