D&B has agreed to sell its business in France to Base d’ Information Legales holding S.A.S. (Bil Holding) for $32 million.
D&B generated roughly $38 million with the business last year. The unit has 170 employees, most of whom will remain.
As part of the agreement, Bil Holding will distribute D&B products in France. In return, D&B will gain access to Bil’s French business database for international use. Bil has also agreed to enhance the database product with technical support provided by D&B through a multi-year service agreement.
As a result of the transaction, Short Hills, NJ-based firm expects to record a non-core pretax gain of roughly $11 million in its fourth quarter. The sale is consistent with D&B’s strategy of either owning overseas businesses or forming strategic relationships, said CEO Allan Z. Loren in a statement.
The unit provides business information and tools.
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