Empik with preliminary deal to sell language schools
20:27
Empik Internet, included in retail group Empik Media & Fashion (EM&F) and Rafael Macia Heras and TCA Marketing Partners have signed a preliminary contract with Cyprus' Bookzz Holdings Limited, which is one of EMF's shareholders, regarding the sale of Learning Systems Poland by Bookzz, the company reported.
In late October, both parties signed a non-binding letter of intent to initiate talks.
Learning Systems Poland is a chain of language schools encompassing 115 units and 100,000 users.