Centaur Media PLC Centaur completes disposal of CTM (7588X)
May 01 2019 - 6:50AM
UK Regulatory
TIDMCAU
RNS Number : 7588X
Centaur Media PLC
01 May 2019
1 May 2019
Centaur Media Plc
Centaur completes disposal of travel and meetings exhibitions to
Northstar for GBP9.25m
Centaur Media Plc ("Centaur" or the "Group"), an international
provider of business information and specialist consultancy,
announces that it has today completed the sale of Centaur Media
Travel and Meetings Limited ("CTM").
As announced last month, CTM, the owner of the Business Travel
Show and The Meetings Show, has been acquired by Northstar Travel
Media UK Limited ("Northstar"), a leading B2B information and
marketing solutions company focused on the global travel and
meetings industries. The consideration was GBP9.25m in cash,
subject to customary post-completion adjustments.
The disposal is part of the divestment process that began last
October after Centaur concluded a strategic review and decided to
focus on its leading brands to improve operational execution.
Together with the recently announced sales of its financial
services and HR businesses, the Group has raised GBP19.25m in
aggregate.
Discussions about other assets are continuing and Centaur
expects to make further announcements in due course. As previously
disclosed, Centaur will consider the best use for the sale proceeds
once the divestment process is complete.
Enquiries
Centaur Media Plc
Andria Vidler, Chief Executive
Officer 020 7970 4000
Swag Mukerji, Chief Financial
Officer
Teneo
Paul Durman/Rebecca Hislaire 020 7420 3144
Note to editors
Centaur
Centaur is an international provider of business information and
specialist consultancy that inspires and enables people to excel at
what they do, raising the standard for insight, interaction and
impact.
Leading brands include: Econsultancy, Marketing Week, Festival
of Marketing, MarketMakers, Creative Review, Influencer
Intelligence, Fashion & Beauty Monitor, The Lawyer and
Oystercatchers.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DISUASRRKWAVRAR
(END) Dow Jones Newswires
May 01, 2019 06:50 ET (10:50 GMT)
Centaur Media (LSE:CAU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Centaur Media (LSE:CAU)
Historical Stock Chart
From Jul 2023 to Jul 2024