2nd Apr 2007 07:02
Euromoney Institutional InvestorPLC02 April 2007 EUROMONEY INSTITUTIONAL INVESTOR PLC Not for release until 0700Hrs on April 2, 2007 Euromoney sells Metal Bulletin subsidiary, Atalink Euromoney Institutional Investor PLC ("Euromoney") announced today that it hascompleted 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 furtherpayment will be made, on a pound for pound basis, for the net current assets ofthe company as at March 30, 2007 on agreement of the completion accounts. Thisamount is anticipated to be c. £0.75m. At March 30, 2008 a further £0.465mwill become payable. The sale of Atalink is a class 3 transaction for Euromoneyunder the listing rules. Atalink produces over 25 specialist and direct response publications and relatedwebsites. It was acquired by Euromoney as part of its acquisition of MetalBulletin in October 2006 for £222 million. The disposal of Atalink isconsistent with Euromoney's continuing strategy of streamlining its portfolio ofbusinesses and investing in subscription-based electronic data products. Ends April 2, 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: pfallon@euromoneyplc.comColin Jones, Finance DirectorTel: 020 7779 8556; Email: cjones@euromoneyplc.comChristopher Fordham, DirectorTel: 020 7779 8057; Email: cfordham@euromoneyplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ERM.LDMGT.L