Pearson has agreed a deal to offload its English-language teaching unit Wall Street English to a group of funds linked to Baring Private Equity Asia and Citic Capital.
The deal, which will snag around $300m for Pearson, will help the former FT owner to cut debt by approximately $100m. The company decided that a full disposal was the option “best aligned” with its streamlining strategy.
Pearson CEO John Fallon said:
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