(Alliance News) - Mondadori Spa announced Thursday that its subsidiary Rizzoli International Publications Inc has finalized the acquisition of 100 percent of the share capital of Chelsea Green Publishing Company.

The acquisition consideration, fully cash-settled at closing, was set at USD5 million - on a debt and cash free basis - and will be subject to adjustment based on the Net Financial Position as of the date the transaction is finalized.

Mondadori's stock is down 1.8 percent at EUR2.19 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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