Euromoney Institutional InvestorPLC
12 April 2007
EUROMONEY INSTITUTIONAL INVESTOR PLC
For immediate release
Euromoney sells Metal Bulletin subsidiary, EIC
Euromoney Institutional Investor PLC ('Euromoney') announced today that it has
completed the sale of its wholly-owned subsidiary, Energy Information Centre
Limited ('EIC') to Broadfern Partners ('Broadfern').
Broadfern has paid £4.7 million on completion. A further payment will be made,
on a pound for pound basis, for the net current assets of the company above
£250,000 as at March 31, 2007 on agreement of the completion accounts. The sale
of EIC is a class 3 transaction for Euromoney under the listing rules.
EIC provides a range of integrated energy services, covering the oil & gas,
electricity and water industries. EIC is the firmly established leader in the
provision of wholesale and retail market intelligence, outsourced procurement
and energy risk management strategy.
EIC was acquired by Euromoney as part of its acquisition of Metal Bulletin in
October 2006 for £222 million. The disposal of EIC is consistent with
Euromoney's continuing strategy of streamlining its portfolio of businesses and
focusing on subscription-based electronic data products.
April 12, 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:
Colin Jones, Finance Director
Tel: 020 7779 8556; Email: firstname.lastname@example.org
Christopher Fordham, Director
Tel: 020 7779 8057; Email: email@example.com
This information is provided by RNS
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