Empik closer to selling language schools

Retail group Empik Media & Fashion (EM&F), Empik Internet and Cyprus' Bookzz Holdings Limited, which is one of EMF's shareholders have signed a non-binding letter of intent to initiate talks regarding the sale of Learning Systems Poland by Bookzz or some other entity included in Penta Investments, the company reported. According to a press release, the document does not mutually oblige the parties. Learning Systems Poland is a chain of language schools encompassing 115 units and 100,000 users.