It's always good to be at major events to make sure that you haven't missed important industry news. Last week, in London, at the FIPP B2B conference - a really good event again - I was directed towards the news that Euromoney picked up a 47.5% stake in Asia Business Forum at the end of March.
They paid GBP3 million for this stake with an option to buy another 42.5% in 2007 and the remaining 10% in 2009. The total deal value is capped at GBP17.6 million. That's pretty good going for the Singapore-based ABF. We have been aware of the company for a decade or so. Cast in the mould of the old IIR, it now produces around 150 conferences a year in Singapore, Malaysia and Thailand.
Saturday, May 06, 2006
Euromoney in ABF acquisition
Posted by Paul Woodward at 6:20 pm
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