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EUROMONEY ACQUIRES TWO GRAIN TRADING CONFERENCES posted on: 2/3/2012 10:06:21
WORLD - International conference organiser and media group Euromoney has acquired two international grain trading conferences: Global Grain Geneva and Global Grain Asia.
The gross asset value of the two companies acquired is put at US$1.12m.
The Geneva conference, held annually in November, has grown since its inception in 2003 to a conference attracting 1,000 delegates from more than 50 countries.
Global Grain Asia is a new event designed to serve agricultural grain and oilseed traders in the Asia-Pacific region. It launches in March in Singapore.
Euromoney Chairman Padraic Fallon said he was “delighted” to make the acquisitions.
“Euromoney has a successful record of acquiring conferences and developing them into fast-growing global event businesses,” said Fallon. “The company expects that this move will likely have neutral earning potential in 2012, however it is anticipated that earnings will grow thereafter.”
MIDDLE EAST - Informa Middle East has boosted its profile in the commercial retail market with the acquisition of Channels Exhibitions, a UAE firm specialising in commercial retail and photography events.
WORLD - Handan Boyce, General Manager of the Halic Congress Center and former GM of the Istanbul CVB is the second candidate to declare an intention to contest the election to succeed Arnaldo Nardone as President of ICCA.