15th May 2007 07:01
Euromoney Institutional InvestorPLC15 May 2007 EUROMONEY INSTITUTIONAL INVESTOR PLC Not for release until 0700Hrs on May 15, 2007 Euromoney sells Metal Bulletin business, Systematics Euromoney Institutional Investor PLC ("Euromoney") announced today that it hascompleted the sale of certain assets of Systematics International Limited("Systematics") to its management, led by Christine Bhatt. The sale of Systematics, which is a small database business principally in thefarm machinery and construction sector, is a Class 3 transaction for Euromoneyunder the Listing Rules. The gross assets of Systematics at completion were£117,000. Systematics was acquired by Euromoney as part of its acquisition of MetalBulletin in October 2006 for £222 million. The disposal of Systematics isconsistent with Euromoney's continuing strategy of streamlining its portfolio ofbusinesses and focusing on its core markets in finance, metals, commodities, andenergy. Having sold Atalink in March and EIC in April, the sale of Systematicscompletes Euromoney's program of selling non-core Metal Bulletin businesses. Ends May 15, 2007 Note to editors: About Euromoney Institutional Investor PLC Euromoney Institutional Investor PLC is listed on the London Stock Exchange andis a member of FTSE 250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals andcommodities sectors. In October 2006 it acquired Metal Bulletin plc for £222million. It publishes more than 70 magazines, newsletters and journals,including Euromoney, Institutional Investor and Metal Bulletin. It also runs anextensive portfolio of conferences, seminars and training courses, and is aleading provider of electronic information and data on international finance,metals and emerging markets. For further information please contact: Padraic Fallon, ChairmanTel: 020 7779 8556; Email: [email protected] Jones, Finance DirectorTel: 020 7779 8666; Email: [email protected] Fordham, DirectorTel: 020 7779 8057; Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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