The Economist Group has announced the sale of its European Voice business to Selectcom Finance, owner of the Development institute international group.

Macfarlanes acted for The Economist and lead partner James Dawson said, "We are very happy to have helped The Economist find a good home for this asset which it has owned since 1995. The deal was particularly interesting because it was a sale of an essentially Belgian asset to a French company and we were able to pull the various elements together."

The Economist Group's Managing Director EMEA, Nigel Ludlow said that he was "very pleased with this acquisition by a long-standing, independent partner."

Oscar Grut, The Economist Group's General Counsel, added: "Macfarlanes were excellent, helping us to execute this transaction with minimum fuss, despite the complexities that often come with international transactions of this nature."

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