Information  X 
Enter a valid email address

Euromoney Ins.InvPLC (ERM)

  Print      Mail a friend       Annual reports

Monday 02 April, 2007

Euromoney Ins.InvPLC


Euromoney Institutional InvestorPLC
02 April 2007


                                  Not for release until 0700Hrs on April 2, 2007

               Euromoney sells Metal Bulletin subsidiary, Atalink

Euromoney Institutional Investor PLC ('Euromoney') announced today that it has
completed the sale of its wholly-owned subsidiary, Atalink Limited ('Atalink'),
to Ten Alps plc ('Ten Alps').Ten Alps has paid £1.761m on completion. A further
payment will be made, on a pound for pound basis, for the net current assets of
the company as at March 30, 2007 on agreement of the completion accounts.  This
amount is anticipated to be c. £0.75m.   At March 30, 2008 a further £0.465m
will become payable. The sale of Atalink is a class 3 transaction for Euromoney
under the listing rules.

Atalink produces over 25 specialist and direct response publications and related
websites.  It was acquired by Euromoney as part of its acquisition of Metal
Bulletin in October 2006 for £222 million.  The disposal of Atalink is
consistent with Euromoney's continuing strategy of streamlining its portfolio of
businesses and investing in subscription-based electronic data products.


April 2, 2007

Note to editors:

About Euromoney Institutional Investor PLC

Euromoney Institutional Investor PLC is listed on the London Stock Exchange and
is a member of FTSE 250 share index. It is a leading international business-to-
business media group focused primarily  on the international finance, metals and
commodities sectors. In October 2006 it acquired Metal Bulletin plc for £222
million. It publishes more than 70 magazines, newsletters and journals,
including Euromoney, Institutional Investor and Metal Bulletin. It also runs an
extensive portfolio of conferences, seminars and training courses, and is a
leading provider of electronic information and data on international finance,
metals and emerging markets.

For further information please contact:

Padraic Fallon, Chairman
Tel: 020 7779 8556; Email:
Colin Jones, Finance Director
Tel: 020 7779 8556; Email:
Christopher Fordham, Director
Tel: 020 7779 8057; Email:

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