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BtoB

Reed Elsevier ‘progressing’ with sale of Reed Business Information

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London—In a press release discussing Reed Elsevier’s first-half financial results, Crispin Davis, CEO of the company, said, “The planned divestment of Reed Business Information is progressing, and we are seeing strong buyer interest in the business.”

Reed Elsevier said its revenue from continuing businesses (Elsevier, LexisNexis, Reed Exhibitions) increased from $3.5 billion in the first half of 2007 to $3.9 billion in the first half of this year. Operating profit grew to $794.2 million, from $734.8 million.

The results, Davis said, were “driven by strong growth in online information and work flow solutions.”

—Sean Callahan

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