Mondadori Group to acquire De Agostini Scuola for $183m.

Mondadori Group, a European publishing group, agreed to acquire De Agostini Scuola, a school textbook publisher, for $183m. The transaction is consistent with the strategy – repeatedly announced by Mondadori – of focusing on the core business of books, in which the Group boasts a longstanding leadership in Trade and is one of the top school textbook players. The acquisition will enable the company to further strengthen its foothold in the school textbook field, where it currently operates through the publishing houses Mondadori Education and Rizzoli Education.