Intelligence Unit

Pearson says sells its share of The Economist Group

British publishing company Pearson on Aug. 12 said it had agreed to sell its 50-percent stake in The Economist Group, owner of prestigious magazine The Economist.

The share is being sold for 469 million ($730 million, 663 million euros), split between The Economist Group itself and Italian investment firm Exor, which is controlled by the Agnelli family, Pearson said in a statement.

Albania Bank Chief Arrest 'Key Test for Judiciary'

"The judiciary will [need to] proceed with this matter in an independent way so there is no question of political pressure for or against any conviction, which has to be proved by the court in the coming months, if indeed the case does come to court," said Gabriel Partos, an analyst for Central and Eastern Europe at the London-based Economist Intelligence Unit.