Saturday, May 06, 2006

Euromoney in ABF acquisition

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.

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