SCOR Sells Stake in Humensis to Albin Michel's Huyghens
Deal News | Jan 02, 2025 | Globenewswire
SCOR, a major player in the reinsurance industry, has finalized the sale of its stake in Humensis to Huyghens de Participations—the holding company of the prominent Albin Michel group. Humensis, formed in 2016, is a key player in the French publishing sector, specializing in generalist and educational content. Supported by SCOR, Humensis has grown into the ninth largest in its field. The company initially concentrated on Presses Universitaires de France (PUF) and Editions Belin, but has since diversified its portfolio to include various respected brands such as Que sais-je?, Editions de lObservatoire, among others. The transaction reflects SCOR's strategic move to pass stewardship of Humensis to an established entity in the publishing world, ensuring continued influence and growth in France's intellectual and educational landscape.
Sectors
- Publishing
- Reinsurance
Geography
- France – The article's primary geographical focus is France, where Humensis operates as a major publishing group, and the buyer, Huyghens de Participations, is based.
Industry
- Publishing – The primary industry involved in this article is Publishing, given that it discusses the sale of shares within Humensis, a prominent publishing group in France.
- Reinsurance – SCOR operates within the Reinsurance sector, which is significant as the company is dealing with asset management and strategic divestment activities outside of its usual industry, reflecting diversified investment activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SCOR | Selling Company | Companies | SCOR is a global reinsurance company that held a stake in Humensis. |
| Humensis | Target Company | Companies | Humensis is a French publishing group that SCOR sold its stake in. |
| Huyghens de Participations | Buying Company | Companies | Huyghens de Participations is the holding company of the Albin Michel group and the buyer of SCOR's stake in Humensis. |
| Albin Michel | Other (Parent Company of Buyer) | Companies | A major publishing house in France and parent company to Huyghens de Participations. |