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Scor: SCOR finalises the acquisition of a majority stake in the French publishing house "Presses Universitaires de France"

Press Release
10 April 2014

For more information, please contact:
Géraldine Fontaine +33 (0) 1 58 44 75

Antonio Moretti +33 (0) 1 58 44
77 15
Investor Relations Director

SCOR finalises the acquisition of a majority stake in the French publishing
"Presses Universitaires de France"

Following the Annual General Meeting of "Presses Universitaires de France"
("PUF") on 10 April 2014, SCOR announces that it has finalised the
acquisition of a majority stake in the publishing house.

Founded in 1921 by a cooperative of French university professors, PUF is a
publishing house specialising in the publication of books, journals,
university manuals, essays and monographs in the field of humanities and
social sciences. The PUF catalogue comprises an active fund of 4,000 works
and 50 collections, including the collections "Que sais-je ?", "Quadrige",
"Major" and "Thémis".

This investment will reinforce PUF's financial structure and contribute to the
restoration of its profitability, against a backdrop of profound
transformation in the publishing sector due to digitalisation and changes in
terms of how people read and consult works. It is in line with SCOR's
long-term yield approach to investments.

Denis Kessler, Chairman&Chief Executive Officer of SCOR SE
, comments: ""Presses Universitaires de France" is at a turning point in its
against the backdrop of the transformation of the publishing sector. SCOR
wants to lend its support to this emblematic humanities and social sciences
publisher by providing it with the means to implement its strategy for
industrial adaptation, whilst maintaining the independence of its editorial

* *

Forward-looking statements

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC)
Regulation n°809/2004 of the European Commission. Thus, any forward-.looking
statements contained in this communication should not be held as
corresponding to such profit forecasts. Information in this communication may
include "forward-looking statements", including but not limited to statements
that are predictions of or indicate future events, trends, plans or
objectives, based on certain assumptions and include any statement which does
not directly relate to a historical fact or current fact. Forward-looking
statements are typically identified by words or phrases such as, without
limitation, "anticipate", "assume", "believe", "continue", "estimate",
"expect", "foresee", "intend", "may increase" and "may fluctuate" and similar
expressions or by future or conditional verbs such as, without limitations,
"will", "should", "would" and "could." Undue reliance should not be placed on
such statements, because, by their nature, they are subject to known and
unknown risks, uncertainties and other factors, which may cause actual
results, on the one hand, to differ from any results expressed or implied by
the present communication, on the other hand.
Please refer to SCOR's Document de référence filed with the AMF on 05 March
2014 under number D. 14-0117 (the "Document de référence"), for a description
of certain important factors, risks and uncertainties that may affect the
business of the SCOR Group. As a result of the extreme and unprecedented
volatility and disruption of the current global financial crisis, SCOR is
exposed to significant financial, capital market and other risks, including
movements in interest rates, credit spreads, equity prices, and currency
movements, changes in rating agency policies or practices, and the lowering
or loss of financial strength or other ratings.
The Group's financial information is prepared on the basis of IFRS and
interpretations issued and approved by the European Union. This financial
information does not constitute a set of financial statements for an interim
period as defined by IAS 34 "Interim Financial Reporting".

SCOR Press Release


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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Scor via Globenewswire


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