StockMarketWire.com - Centaur Media entered into a conditional agreement to sell its engineering portfolio to Mark Allen Group. The sale comes as Centaur continued to exploring the divestment of its smaller businesses following the conclusion of a strategic review last October and its decision to improve operational execution by focussing on its leading brands. The transaction was expected to complete on 31 May. The engineering portfolio included the 'market's leading website, magazine and events, and has deep industry relationships and a diversified client base,' the company said.

'The Engineer is one of the UK's longest-running business publications and is supplemented by Subcon, which is the must-attend event for subcontract manufacturing professionals.'

'This is the fourth disposal following Centaur's divestment review. Throughout the process we have been pleased with the interest our businesses have received, and we are delighted that our engineering portfolio is joining Mark Allen Group who recognise its value and are well positioned to take it forward,' said Andria Vidler, Chief Executive of Centaur.

At 9:10am: [LON:CAU] Centaur Media PLC share price was -2.5p at 51.75p



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