TIDMERM
RNS Number : 9023U
Euromoney Institutional InvestorPLC
30 October 2017
EUROMONEY INSTITUTIONAL INVESTOR PLC
ANNOUNCEMENT OF DISPOSAL
October 30, 2017
Euromoney sells its wine exhibition businesses
Euromoney Institutional Investor PLC ("Euromoney"), the
international business information and events group, today
announces that it has sold Adhesion Group S.A. and its 74% stake in
World Bulk Wine Exhibition, S.L. to Comexposium Holding SAS, the
leading French exhibitions company.
Adhesion is a Paris-based exhibitions business, established in
1984 and owned by Euromoney for over 20 years. Its principal event,
Vinisud, is the international showcase for Mediterranean wines, the
world's leading wine region, and it attracts around 1,650
exhibitors from countries around the Mediterranean. World Bulk Wine
Exhibition runs in Amsterdam each November and is the number one
event for buyers of bulk wine. Both businesses are very prestigious
and are well supported by buyers in these markets.
This transaction is in line with Euromoney's strategy, including
actively managing its portfolio of assets and seeking to sell
certain businesses which do not align with its strategy.
Christopher Fordham, Euromoney's Managing Director, Corporate
Development, said:
"The wine sector is not strategic for Euromoney. We are
delighted to have found in Comexposium a new owner which is looking
to invest in the sector and to take these businesses to the next
stage of their growth. This transaction is part of Euromoney's
continuing strategy of recycling capital towards big investment
themes like price discovery, post-trade activities, asset
management and telecoms."
Commenting on the transaction, Renaud Hamaide, Chairman of
Comexposium, said:
"Comexposium continues to develop its activities in strategic
industrial sectors and the acquisition of Adhesion Group and World
Bulk Wine Exhibition strengthens our presence in the wine sector.
This decision confirms the Comexposium' group's ambitions to expand
its international activities in markets with high-growth potential.
I am delighted that Ahmad Monhem, Vincenzo Jose, Sanchez-Migallon,
Otilia Romero de Condes and their respective teams will work with
Comexposium to strengthen and develop our presence in these
markets."
ENDS
For further information, please contact:
Euromoney Institutional Investor PLC
Colin Jones, Finance Director: +44 20 7779 8666
cjones@euromoneyplc.com
Christopher Fordham, Managing Director, Corporate Development:
+44-20 7779 8057 cfordham@euromoneyplc.com
FTI Consulting
Charles Palmer/Emma Hall: +44 20 3727 1400
euromoney@fticonsulting.com
Comexposium
Laurent Noel, Strategy & Integration Director: +33 1 76 77
20 40
laurent.noel@comexposium.com
or
Valerie Lobry, Managing Director AFCO Division: +33 1 76 77 11
45
valerie.lobry@comexposium.com
NOTE TO EDITORS
About Euromoney
Euromoney Institutional Investor PLC is listed on the London
Stock Exchange and is a member of the FTSE 250 share index. It is
an international business-information group covering asset
management, price discovery, data & market intelligence, and
banking & finance under brands including Euromoney,
Institutional Investor, BCA Research, Ned Davis Research and Metal
Bulletin. The group also runs an extensive portfolio of events for
the telecoms, financial and commodities markets.
www.euromoneyplc.com
About Comexposium
The Comexposium Group, one of the world's leading event
organizers, is involved in more than 170 B2C and B2B events across
11 different sectors, including food, agriculture, fashion,
security, digital, construction, high-tech, optics and transport.
Comexposium hosts more than 3 million visitors and 45,000
exhibitors in 26 countries around the world. Comexposium operates
across 30+ global economic growth zones, such as: Algeria,
Argentina, Australia, Belgium, Canada, China, Denmark, France,
Germany, India, Indonesia, Italy, Japan, Korea, Monaco,
Netherlands, New Zealand, Philippines, Qatar, Russia, Singapore,
Spain, Sweden, Thailand, Turkey, UAE, UK and USA.
www.comexposium.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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