REG - Centaur Media PLC - Centaur completes disposal of CTM

Centaur MediaAnnouncement

01/05/2019 11:55

RNS Number : 7588X
Centaur Media PLC
01 May 2019
 


1 May 2019
 
Centaur Media Plc
 
Centaur completes disposal of travel and meetings exhibitions to Northstar for £9.25m
 
Centaur Media Plc ("Centaur" or the "Group"), an international provider of business information and specialist consultancy, announces that it has today completed the sale of Centaur Media Travel and Meetings Limited ("CTM").
 
As announced last month, CTM, the owner of the Business Travel Show and The Meetings Show, has been acquired by Northstar Travel Media UK Limited ("Northstar"), a leading B2B information and marketing solutions company focused on the global travel and meetings industries. The consideration was £9.25m in cash, subject to customary post-completion adjustments.
 
The disposal is part of the divestment process that began last October after Centaur concluded a strategic review and decided to focus on its leading brands to improve operational execution. Together with the recently announced sales of its financial services and HR businesses, the Group has raised £19.25m in aggregate.
 
Discussions about other assets are continuing and Centaur expects to make further announcements in due course. As previously disclosed, Centaur will consider the best use for the sale proceeds once the divestment process is complete.
 
 
Enquiries
 




Centaur Media Plc


 




Andria Vidler, Chief Executive Officer


020 7970 4000




Swag Mukerji, Chief Financial Officer


 




 


 




Teneo


 




Paul Durman/Rebecca Hislaire


020 7420 3144




 
 
Note to editors
 
Centaur
Centaur is an international provider of business information and specialist consultancy that inspires and enables people to excel at what they do, raising the standard for insight, interaction and impact.
 
Leading brands include: Econsultancy, Marketing Week, Festival of Marketing, MarketMakers, Creative Review, Influencer Intelligence, Fashion & Beauty Monitor, The Lawyer and Oystercatchers.




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