Reed Business Information, part of RELX Group, announced its intention to sell the HR Communities portfolio and the Government portfolio to B+B Vakmedianet Groep B.V. on 18 November.
The strategy of RELX Group is to deliver improved outcomes for professional and business customers across industries, combining content and data with analytics and technology in global platforms. The Dutch activities of the HR Communities portfolio and the Government portfolio no longer fit within the focus of RELX Group. As a result, Reed Business Information intends to sell both portfolios.
In the Netherlands Vakmedianet is the leading business-to-business publisher in both new and established media channels. With their expert editorial staff they provide professional information tailored to more than 1.2 million professionals in specific disciplines and branches in the Netherlands.
The intended sale is subject to the completion of the customary consultation procedures with the works council of RELX Group.
Note to Editors
About Reed Business Information
Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries. www.reedbusiness.com
About RELX Group
RELX Group is a world‐leading provider of information and analytics for professional and business customers across industries. The group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately £26,6bn/€30,9bn/$33,1bn.
About B+B Vakmedianet
Vakmedianet provides professional information which allows professionals to follow the latest news online and to quickly find reliable answers to their questions, where they are inspired in print, at conferences and through books by relevant professional information. More information on www.vakmedianet.nl.
For more information, please contact:
Paulien Alblas, Reed Business Information
T: +31 (0)6-57563876
RELX Investor Relations
Colin Tennant, RELX Group
T: +44 (0) 207 166 5751
Ruud Bakker, Vakmedianet