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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.”
ASIA - Senior officials from the Abu Dhabi National Exhibitions Company (ADNEC) and senior executives from MCI are working to co-develop strategies that support the growth of Abu Dhabi as a global destination for MICE events.