RELX agrees to sell Australian construction data unit-source

October 5, 2015 6:00 AM

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LONDON Oct 5 RELX , Europe's largest media group formerly known as Reed Elsevier, has agreed to sell its Australian construction data business Cordell as part of its drive to reshape its portfolio towards faster growing businesses.

A person familiar with the deal said RELX had agreed to sell Cordell to U.S. firm CoreLogic. The business provides information on project activity and building cost information to the building, property and insurance sectors.

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