By Najat Kantouar
Wolters Kluwer agreed to sell its finance, risk and regulatory reporting unit to software provider Regnology Group for 450 million euros ($523.2 million), including debt, as it focuses on its U.S. operations.
The Amsterdam-listed information-services company said Monday that the transaction would allow its financial and corporate compliance division to focus on expanding its existing positions in U.S. banking compliance and corporate legal and compliance services.
Wolters Kluwer expects to record a capital gain upon completion, it added. The use of net after-tax proceeds from the divestment will be determined after closing of the deal, and the entities to be sold will continue to be consolidated with financial and corporate compliance until completion.
In 2024, the finance, risk and regulatory reporting unit generated revenue of 123 million euros.
The deal is subject to regulatory approval and employee consultations and is expected to be completed in the fall of 2025.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
July 21, 2025 02:38 ET (06:38 GMT)
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