Informa Group PLC
8 November 1999
INFORMA BUYS PUBLICATIONS AND INTERNET PORTFOLIO IN £28 MILLION
DEAL
Informa Group plc has acquired a portfolio of business
information products from EMAP plc. The consideration is £28
million payable in cash. In the year to 31 March 1999, the 20
products made operating profits before an allocation of EMAP
overheads of £2.8 million on revenues of £12.5 million.
The products are established brands in the fields of finance and
insurance, maritime trade and transport and commercial fishing.
They include the weekly publications International Freighting
Weekly and Fishing News; the monthly business magazines
Insurance Age and Containerisation International and a number of
related exhibitions and events.
In addition, the portfolio contains the electronic information
service Liner Shipping Network. This internet-delivered
subscription product provides time critical news, data and
analysis to the international shipping and freight industries.
PETER RIGBY, CHAIRMAN OF INFORMA GROUP PLC COMMENTED:
'We are delighted to have acquired these leading niche titles
which will add considerably to Informa's existing strengths in
some of our major markets. They will complement Informa's
existing brands and allow us to reinforce the service we provide
to our customer base.
The Liner Shipping Network will accelerate further our progress
in providing e-commerce solutions to the maritime, trade and
transport markets. The commercial fishing publications and
related exhibitions, under the respected Heighway brand, will
extend Informa's product offerings to the world commodity
markets.
We are pleased to be bringing the experience and expertise of
100 staff associated with these products to Informa and we look
forward to working with them to develop this portfolio further
and to exploiting the significant synergies with Informa's own
titles and events.
This earnings enhancing acquisition comes towards the end of
what has been a very successful first twelve months for Informa
and will provide us with a still stronger platform for growth in
2000 and beyond.'
FOR FURTHER INFORMATION
Peter Rigby (Chairman)
David Gilbertson (Chief Executive)
Jim Wilkinson (Finance Director)
INFORMA GROUP PLC
0171 453 2222
William Clutterbuck
Charlotte Hamilton
THE MAITLAND CONSULTANCY
0171 379 5151
NOTES TO EDITORS
Informa Group plc was formed in 1998 from the merger of LLP
Group plc and IBC Group plc. Informa is a business information
group focused on six global market sectors: IT and Telecoms;
Maritime, Trade and Transport; Finance and Insurance;
Commodities and Energy; Biomedical and Pharmaceutical; and Law
and Tax. Informa has sales in more than 180 countries with over
50 offices world-wide. It derives the majority of its revenues
from the delivery of 'must have' and topical business
information across a broad range of media formats and wide
geographical base.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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