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

,

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.