Euromoney Institutional InvestorPLC Disposal (9023U)

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: [phone]

[e-mail]

Christopher Fordham, Managing Director, Corporate Development: [phone] [e-mail]

FTI Consulting

Charles Palmer/Emma Hall: [phone]

[e-mail]

Comexposium

Laurent Noel, Strategy & Integration Director: [phone]

[e-mail]

or

Valerie Lobry, Managing Director AFCO Division: [phone]

[e-mail]

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

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October 30, 2017 03:00 ET (07:00 GMT)