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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 - UK international conference and event producer Media 1 Productions has expanded its operations with the opening of a US office in Tucson, Arizona. The Stateside office will be managed by Executive Vice-President Dave Cole.
EUROPE - After a successful realignment of Congrex Switzerland in the past 12 months, following the collapse of the parent Congrex Group, the International Association of Professional Congress Organisers has welcomed back Congrex Switzerland as a member.