13th Jun 2006 10:50
13 June 2006 Daily Mail and General Trust plc (`DMGT') Acquisition of ADIPEC dmg world media, the exhibitions division of DMGT, announces the acquisition ofthe assets of the Abu Dhabi International Petroleum Exhibition and Conference(ADIPEC) from the Abu Dhabi National Exhibition Centre (ADNEC).ADIPEC is a biennial event held in Abu Dhabi and is one of the world's largestoil and gas exhibitions. The next edition will be held on the 5-8 November2006. The show will form part of dmg world media's oil and gas portfolio,operated by its Business Media International division, which includes theGlobal Petroleum Show and the Gastech exhibition and conference.The total cost of the deal is estimated to be AED36million (‚£5.3m), includingan initial payment of AED18million (‚£2.65m) and a further payment in December2006 based on the performance of the 2006 event.Enquiries to:Nick Ratcliffe, vice president Finance, dmg world media 01737 855046Peter Williams, Finance Director, DMGT 020 7938 6631 Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT Tel 020 7938 6000 Fax 020 7938 4626 www.dmgt.co.uk Registered in England and Wales No. 184594ENDDAILY MAIL & GENERAL TRUST PLCRelated Shares:
DMGT.L