ACP unloads ETF to AAV

A prize for anybody who knows what that alphabet soup means without reading the rest of this. If you live in Sydney you may have a better shot at it.

ETF is Exhibitions & Trade Fairs, one of the longer-established exhibition businesses in Australia. It was acquired by the Packer organisation's ACP magazine publishing business four years ago and has now been sold on to the AAV Group's Staging Connections subsidiary for a reported A$13 million (US$9.93 million).

AAV CEO Michael Gardner is saying this is likely to be the first such acquisition in Australia and in other international locations.

Thanks to friend and former colleague, Daryl Herbert, CEO of one of Australia's most interesting exhibition and events companies, Definitive Events, for pointing me in the direction of this one.