(Alliance News) - Arnoldo Mondadori Editore Spa announced Monday that an agreement has been signed for the acquisition by its subsidiary Rizzoli International Pubblications Inc. of 100 percent of the share capital of Chelsea Green Publishing in Vermont in the U.S. and, in the UK, through its subsidiary Chelsea Green Publishing UK Ltd.

As stated in a note released by the company, the publishing house's editorial line focuses on sustainability issues, declined in the areas of green, health and wellness and the enhancement of cultural diversity.

"The strengthening of the Mondadori group's presence in the U.S. and UK through the acquisition of Chelsea Green Publishing and the launch of Rizzoli's new U.K. branch represents a further step in our path of growth outside the domestic trade market as well," commented Antonio Porro, Mondadori group chief executive officer.

Arnoldo Mondadori Editore trades in the red by 2.2 percent at EUR2.18 per share.

By Claudia Cavaliere, Alliance News reporter

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