FONT-SIZE Plus   Neg

ITE Subsidiary Buys 28.3% Of Shares Of Asian Business Exhibitions & Conferences

ITE Group plc (ITE.L) announced the acquisition by wholly owned subsidiary Airgate Holdings Ltd, of 28.3% of the shares of Asian Business Exhibitions & Conferences Ltd. from QInvest, Qatar's leading Investment bank. The total consideration is 14 million pounds, which is payable in cash on completion. ITE Group expects the acquisition to be earnings neutral for the financial year ending 30th September 2013.

ABEC is one of India's leading exhibition businesses, running 19 exhibitions across 11 vertical markets including construction, architecture, design, education, lifestyle, real estate, and oil & gas.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.S. Consumer Products Safety Commission has asked Safety 1st to recall 35,000 highchairs after several children fell and were injured. The recall covers about 35,000 wooden Safety 1st highchairs in three models: HC144BZF (Casablanca), HC229CZF (Gentle Lace) and HC229CYG (Black Lace). Safety... Ferrari, the luxury car division of Fiat Chrysler Automobiles (FCAU) is reportedly getting a much higher valuation than previously expected driven by its premium status of manufacturing high-performance luxury cars. According to reports, Ferrari expects the IPO to bring its market valuation to about... SeaWorld Entertainment Inc. (SEAS) has received another blow to its business as the California Coastal Commission banned breeding of captive killer whales in San Diego. The new law means SeaWorld won't be allowed to breed captive orcas, including through artificial insemination, at its California...
comments powered by Disqus
Follow RTT