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EU: Informa to buy UBM for £4.3b creating worlds largest event operator

By  |  January 17, 2018

Informa, the events and business information group, has agreed to acquire UBM in a deal that values that exhibitions operator at £4.3billion (US$5.9 billion) including debt. Investors were divided on the merits of the deal with shares in UBM rising more than 12% while Informa’s stock price slipped more than 6%.

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    The proposed combination will create the world’s largest operator of business events and exhibitions with a portfolio that spans the Monaco Yacht Show to the Hong Kong Jewellery & Gem Fair. The two companies explored a combination a decade ago but failed to agree a deal. Stephen Carter, Informa’s chief executive, told the Financial Times that the time was right for the two companies to come together.

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    “The business to business information market is very different today,” he said. “Ten years ago people were questioning whether this was the end of face-to-face contact. But demand for the value of face-to-face connectivity has gone up.”

    Full Content: Sky News

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