Pearson has this morning confirmed that, having received several expressions of interest in FT Business, it has appointed investment Lazard to advise on the sale.
The FT Business portfolio includes Investors Chronicle, The Banker, Money Management and Financial Adviser in the UK but does not include the FT or Pearson’s 50% stake in The Economist.
Shares in Pearson rose this morning on the announcement, reports suggest that FT Business may be worth up to £90 million.
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