Information  X 
Enter a valid email address

ITE Group PLC (ITE)

  Print      Mail a friend       Annual reports

Wednesday 06 October, 2004

ITE Group PLC

Acquisition

ITE Group PLC
06 October 2004


                                 ITE Group plc

          Acquisition of Caspian Oil and Gas Exhibition and Conference

6th October 2004

ITE Group plc ('ITE'), the international exhibition group specialising in
emerging and developing markets has today issued the following statement:

ITE has acquired 100% of the issued share capital of Caspian Events Limited,
which organises the Caspian Oil and Gas Exhibition and Conference held annually
in Baku. The consideration is fully settled in cash.

The long established Caspian Oil and Gas Exhibition and Conference is the
leading event in the sector and services the strategic oil and gas industry in
Azerbaijan.

Ian Tomkins, Chief Executive Officer of ITE, said 'We are delighted to have
acquired this event as it fits perfectly with our very successful portfolio of
Oil and Gas events in Russia and the CIS. ITE's local office in Baku currently
organises a successful and growing range of events in non-oil sectors, and we
will seamlessly integrate Caspian Events using our existing operational teams,
supporting associates and extension network of offices and agents, throughout
Russia and the CIS. We look forward to adding value and building on the success
of the Caspian Oil and Gas Exhibition and Conference in the future.'

                                      Ends

Enquiries to:

Ian Tomkins                    020 7596 5000
Chief Executive, ITE Group

Bridget Fury                   020 7653 6620
Merlin                         0794 108 5506




                      This information is provided by RNS
            The company news service from the London Stock Exchange