AEC Education sells examinations subsidiary to Pearson

Educational programmes provider and exams setter AEC Education has agreed to sell its non-core examinations subsidiary, Educational Resources, to Pearson Education South Asia, part of the Pearson group.

Educational programmes provider and exams setter AEC Education has agreed to sell its non-core examinations subsidiary, Educational Resources, to Pearson Education South Asia, part of the Pearson group.

The businesses, which provides London Chamber of Commerce & Industry examinations in Asia, will be sold for a total of £2.5m cash, along with a deferred payment of an amount equal to the net consideration received by Pearson Education for the sale of three million shares it holds in AEC. The sale is expected to complete before the end of October, subject to certain conditions.

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