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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.”
AMERICAS - Venue operator AEG Facilities has reversed years of financial deficit at the Los Angeles Convention Center and posted the first profits in years ($3.3m) following the centre's first year in private hands.
EUROPE - International booking agency and employee engagement specialist BI Worldwide, part of the Schoeneckers group, has appointed ex-EMEA regional director at the Pacific World DMC, Shaun Casey, as operations director.