ALPHEN AAN DEN RIJN, Netherlands, Sept. 30, 2013 (GLOBE NEWSWIRE) --
Wolters Kluwer today announced that it has completed the disposal of its French healthcare publishing activities to Galilée. This divestiture is part of the broader Pharma divestment program originally announced in July 2011. Since that time, the pharma-related assets, including the activities sold today, have been treated as assets held for sale and have been included in discontinued operations. The French assets included in today's disposal were part of the Legal & Regulatory portfolio and encompass healthcare magazines and journals for pharmacists, veterinarians, dentists, nurses and physicians, as well as related trade show and training activities. NewsMed - a company held by Galilée - will take on the healthcare publishing activities located in France, and Galilée takes on directly activities in the United Kingdom. The divestment will enable Wolters Kluwer Legal & Regulatory to focus on its core legal and compliance information and software offerings. Terms of the deal were not disclosed. About Wolters Kluwer Wolters Kluwer is a leading global information services and solutions company. It provides information, software, and services that help legal, tax, finance, and healthcare professionals make their most critical decisions effectively and with confidence. Customers depend on Wolters Kluwer services and solutions to successfully move through the complex layers of data and regulation that define modern business and government. Wolters Kluwer had 2012 annual revenues of €3.6 billion. The Group employs over 19,000 people worldwide and maintains operations in over 40 counties across Europe, North America, Asia Pacific, and Latin America. The Company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on NYSE Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over- the-counter market in the U.S. (WTKWY). Visit our website, YouTube, follow @Wolters_Kluwer on Twitter, or look up Wolters Kluwer on Facebook for more information about our customers, market positions, brand, and organization. Forward-looking Statements This press release contains forward-looking statements. These statements may be identified by words such as "expect", "should", "could", "shall" and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Media Investors/Analysts Caroline Wouters Meg Geldens t +31 172 641 470 t + 31 172 641 407 info@wolterskluwer.com ir@wolterskluwer.com PDF version of Press Release: http://hugin.info/130682/R/1732399/579610.pdf [HUG#1732399]
