Risk and Regulatory Reporting (FRR) unit
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Wolters Kluwer completes divestment of its Finance, Risk and Regulatory Reporting (FRR) unit
Globenewswire· 2025-12-01 07:00
Core Insights - Wolters Kluwer has completed the divestment of its Finance, Risk and Regulatory Reporting (FRR) unit to Regnology group, marking a strategic shift in its business focus [1] Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion for 2024, serving customers in over 180 countries and maintaining operations in more than 40 countries [2] - The company employs approximately 21,900 people worldwide and is headquartered in Alphen aan den Rijn, the Netherlands [2] - Wolters Kluwer is listed on Euronext Amsterdam (WKL) and is included in major indices such as AEX, Euro Stoxx 50, and Euronext 100 [3]
Wolters Kluwer completes divestment of its Finance, Risk and Regulatory Reporting (FRR) unit
Globenewswire· 2025-12-01 07:00
PRESS RELEASE Wolters Kluwer completes divestment of its Finance, Risk and Regulatory Reporting (FRR) unit Alphen aan den Rijn – December 1, 2025 – Wolters Kluwer today announces the completion of its divestment of its Finance, Risk and Regulatory Reporting (FRR) unit to Regnology group. ### About Wolters KluwerWolters Kluwer (Euronext: WKL) is a global leader in information solutions, software, and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and ...
Wolters Kluwer to divest its Finance, Risk and Regulatory Reporting unit
Globenewswire· 2025-07-21 06:00
Core Viewpoint - Wolters Kluwer has signed a binding agreement to divest its Finance, Risk and Regulatory Reporting (FRR) unit to Regnology Group GmbH for an enterprise value of approximately €450 million, allowing the company to focus on its core banking compliance and corporate legal services [1][2]. Financial Performance - In 2024, the FRR unit generated revenues of €123 million, accounting for about 10% of the total revenues of the FCC division [3]. - Wolters Kluwer reported annual revenues of €5.9 billion for 2024 [5]. Strategic Rationale - The divestment will enable Wolters Kluwer Financial & Corporate Compliance to concentrate on developing its existing positions in U.S. banking compliance and corporate legal and compliance services [2]. - Regnology aims to leverage FRR's expertise to enhance its regulatory and risk solutions, expanding into new territories and accelerating its vision for unified reporting solutions [3]. Transaction Details - The transaction is subject to regulatory approval and employee consultations, with an expected completion date in fall 2025 [3]. - Wolters Kluwer anticipates recording a non-benchmark capital gain upon completion of the divestment [3].