We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Euromoney Institutional Investor Plc | LSE:ERM | London | Ordinary Share | GB0006886666 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,460.00 | 1,458.00 | 1,460.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMERM
RNS Number : 1974X
Euromoney Institutional InvestorPLC
22 November 2017
EUROMONEY INSTITUTIONAL INVESTOR PLC
ANNOUNCEMENT OF DISPOSAL
November 22, 2017
Euromoney enters agreement to sell its minority stake in Dealogic
Euromoney Institutional Investor PLC ("Euromoney"), the international business information and events group, announces today that it has reached a binding agreement to sell its minority equity stake in Dealogic, a provider of content and software solutions to financial firms, to Ion Investment Group for approximately $135m. The consideration will be received in cash.
Completion of the sale is subject to regulatory approvals and is expected to take approximately six weeks.
Euromoney has been associated with the Dealogic businesses for over 30 years and acquired its stake in Dealogic in December 2014. Euromoney will continue to receive from Dealogic the league tables and data analytics products used in its Global Capital business.
Euromoney's results for the year ended 30 September 2017 included GBP3.9m in adjusted profit before tax from Dealogic. The gross assets of Dealogic at 30 September 2017 were GBP551.6m.
The sale proceeds will initially be used to pay down debt and over time will provide Euromoney with capital to invest in its main investment themes.
Andrew Rashbass, CEO of Euromoney said: "This transaction is in line with Euromoney's strategy, one pillar of which is actively managing its portfolio of assets and selling businesses which do not align with its strategy and recycling that capital to invest in our main investment themes like price discovery, post trade activities, asset management and telecoms."
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: +44 20 7779 8057; cfordham@euromoneyplc.com
Corporate Development
FTI Consulting
Charles Palmer: +44 20 3727 1400; euromoney@fticonsulting.com
NOTE TO EDITORS
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISPGGPCGUPMUQP
(END) Dow Jones Newswires
November 22, 2017 02:01 ET (07:01 GMT)
1 Year Euromoney Institutional ... Chart |
1 Month Euromoney Institutional ... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions