Wolters Kluwer has school book buyer

Publishing group Wolters Kluwer is to sell its school book arm to investment group Bridgepoint Capital for more than €750m, the company confirmed on Friday.Wolters Kluwer put the unit, which includes Bosatlas publisher Wolters-Noordhoff, up for sale earlier this month.

The unit has a workforce of 1,400 and turned over €316m last year. The Dutch school book sector is heading for a shake-up now that the new government plans to switch the cost from parents to schools.

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