Thomson to Sell Some Publications From Financial Group
Canadian publisher
Thomson
plans to sell certain publications, business products and services focused on commercial banking and personal finance from its
Thomson Financial
group.
Thomson didn't offer any financial details of its planned divestitures, but the company expects to complete the transaction later this year. Thomson also said some publications on the list include
American Banker
,
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Bond Buyer
and the
National Mortgage News
.
The company added that the businesses and brands that will be sold "do not fit within our vision for Thomson Financial as a leading e-solutions provider to the global financial services industry.''
Thomson has hired
Morgan Stanley
to be its financial adviser on the sale.
