Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Euromoney Ins.InvPLC (ERM)

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Monday 12 February, 2018

Euromoney Ins.InvPLC

Disposal

RNS Number : 5193E
Euromoney Institutional InvestorPLC
12 February 2018
 

EUROMONEY INSTITUTIONAL INVESTOR PLC

ANNOUNCEMENT OF DISPOSAL

12 February 2018

Euromoney enters agreement to sell its Global Markets Intelligence Division (CEIC and EMIS)

Euromoney Institutional Investor PLC ("Euromoney"), the international business information and events group, today announces that it has reached a binding agreement to sell its Global Markets Intelligence Division ("GMID"), consisting of CEIC and EMIS, to a consortium of CITIC Capital Partners Management Limited ("CITIC Capital"), the private equity arm of CITIC Capital Holdings Limited, and Caixin Global Limited ("Caixin"), ("the Consortium"), for an equity value of $180.5 million.  

The sale is expected to complete by the end of April 2018, to allow for a smooth transition of the business to the Consortium.  The consideration will be received in cash on completion.

Headquartered in Hong Kong, GMID is a leading provider of macro-economic, company and industry intelligence on emerging markets with a strong customer presence in China, India, Brazil and Central and Eastern Europe, as well as in developed markets.

For the year ended 30 September 2017, GMID reported an operating profit1 of £11.9 million ($15.1 million), as disclosed in the notes to Euromoney's 2017 annual accounts.  GMID's gross assets at 30 September 2017 were £45.3 million.

The sale proceeds, net of transaction costs and tax, are expected to be approximately $145 million.  This will leave Euromoney in a net cash position at completion and will provide Euromoney with further capital to recycle towards its main investment themes.

1Before exceptional items and acquired intangible amortisation

 

Andrew Rashbass, CEO of Euromoney, said: "This transaction is another example of Euromoney's strategy in action: where a good business is not strategic, we will sell it and recycle capital towards our main investment themes like price discovery, asset management and telecoms.  CITIC Capital and Caixin will provide an excellent home for the business, which Aloisio Parente and the whole team have done a fantastic job developing as part of Euromoney.  I am confident that the business will thrive under its new owners."

Aloisio Parente, CEO of GMID, added: "I am tremendously excited about the opportunities that this transaction will afford to our business, customers and staff.  Both CEIC and EMIS have traditionally had a strong presence in and understanding of the key developing markets.  I am certain that the relationship with CITIC Capital and Caixin will help us to further enhance the value and reach of our services in all parts of the world."

Yichen Zhang, Chairman and CEO of CITIC Capital, said: "We are very excited to make this investment in CEIC and EMIS, which are world-class platforms for macro-economic and business information. Together with Caixin, we look forward to working with the management team to continue growing the business and developing its global customer base."

Shuli Hu, Publisher of Caixin Media, Chairwoman of Caixin Global, said:  "We are optimistic about GMID's business and future.  Caixin will further leverage the rising global influence of China's economy, and combine state-of-the-art technology with its authoritative information service and data offerings.  We will join forces together with GMID to provide indispensable data and insight for overseas and domestic financial industry professionals and stakeholders."

 

Ends

 

 

For further information, please contact:

Euromoney Institutional Investor PLC

Colin Jones, Finance Director:        +44 20 7779 8666; [email protected]

FTI Consulting

Charles Palmer/Emma Hall:  +44 20 3727 1400; [email protected]    

CITIC Capital

Cindy Tam, Director, Corporate Relations: +852 3710 6813; [email protected]  

Caixin Global 

Ling Ma: +86 10 8590 5204; [email protected] 

About Euromoney Institutional Investor PLC

Euromoney Institutional Investor PLC (www.euromoneyplc.com) is listed on the London Stock Exchange and is a member of the FTSE 250 share index. It is an international business-information group covering asset management, price discovery, data & market intelligence, and banking & finance under brands including Euromoney, Institutional Investor, BCA Research, Ned Davis Research and Metal Bulletin. The group also runs an extensive portfolio of events for the telecoms, financial and commodities markets.

About CITIC Capital

Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages over USD22 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 130 portfolio companies that span 11 sectors and employ over 820,000 people around the world.

CITIC Capital's private equity arm, CITIC Capital Partners, focused on control buyout opportunities globally, has completed over 50 investments in the past years in China, Japan, U.S. and Europe. The private equity arm currently manages USD4.6 billion of committed capital. For more information, please visit www.citiccapital.com

About Caixin Global

Caixin Global is one of the most respected sources of macroeconomics, finance and business intelligence about China.  Affiliated with Caixin Media, China's most independent and professional news outlet, Caixin Global provides news, intelligence and data tailored for industry professionals, China watchers, business leaders, policymakers and international institutions.  It offers its English news via a 24/7 digital and mobile platform (caixinglobal.com), and publishes a weekly digital magazine and a bi-monthly print magazine that is distributed in financial centres in the U.S., Hong Kong, Singapore and Zurich. In collaboration with the leading financial services provider, Caixin Insight, Caixin Global's intelligence arm offers policy analysis, industry monitoring, data services, and in-depth research with indispensable insights about Chinese economic policy and its financial markets. 

Advisors

HSBC Bank plc ("HSBC") is acting as financial adviser to Euromoney.  HSBC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for Euromoney and no one else in connection with the disposal and will not be responsible to anyone other than Euromoney for providing the protections afforded to clients of HSBC, or for giving advice in connection with the disposal or any other matter referred to herein.


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