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Press releases
Press releases

Sale of Agor - French B2B Exhibition Business


LONDON, July 10 /PRNewswire/ --     Emap plc (EMA.L) today announces that it has completed the
sale of its French B2B exhibition business, Agor, to GL events S.A. for a
cash consideration of EUR85m.

Agor's business comprises the retail trade exhibitions
Tradexpo, Print'Or, Orhopa, CFIA and MDD. Emap first entered the French
exhibition market in 2003 through the acquisition of Agor, owner of Tradexpo,
and has built the business through the acquisition of Print'Or in 2003, the
launch of Orhopa in 2005 and the acquisition of JANGIL (owner of the CFIA and
MDD shows) in 2005. In the year to 31 March 2007, the business had revenue of
EUR19.6m and operating profit of EUR6.5m.

Commenting on the sale, Derek Carter, Chief Executive of Emap
Communications, said:

"Over the last four years, Emap has invested some EUR50m in
building Agor into an important player in the French trade exhibition market
and in selling the business we have been successful in realising significant
value for shareholders, delivering a substantial return on our original
investment. We wish the Agor team every success under their new ownership."

Enquiries:
    
    Emap plc : +44-(0)20-7278-1452
    Alun Cathcart, Executive Chairman
    Ian Griffiths, Group Finance Director
    Catherine Nash, Investor Relations Director
    
    Brunswick Group :+44-(0)20-7404-5959
    Patrick Handley
    Fiona Laffan



© PR Newswire Association LLC.

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