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The FTSE 100 company said the takeover of Tarsus from current owner Charterhouse Capital Partners would bring over 160 business-to-business events under its rubric.
Informa has revealed the £793million acquisition of Tarsus Group as the group puts capital to work after a resurgence of in-person events.
The FTSE 100 company said the purchase of Tarsus from current owner Charterhouse Capital Partners would bring over 160 business-to-business events under its rubric.
These include the biennial Dubai Airshow, one of the world’s largest airshows, as well as the LabelExpo global events series and multiple infrastructure and healthcare-related exhibitions across Asia and North America.
Takeover: Exhibitions planner Informa has agreed to buy Tarsus Group for £793million
Financing for the deal will come through cash and issuing $210million of new stock, with another $45million worth of shares being paid out should Informa’s share price hit 850p within a two-year lock-up period.
Informa expects the purchase to generate about $20million in annual operational benefits through savings in areas…
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