December 13, 2016 / 7:13 AM / 8 months ago

BRIEF-UBM buys Asian exhibitions business Allworld Exhibitions

Dec 13 (Reuters) - UBM

* Has agreed to acquire Allworld Exhibitions for a cash consideration which values business at $485 million on a debt and cash free basis

* Allworld is a privately-owned Asian exhibitions business operating 51 tradeshows in 11 countries and across nine industry sectors

* Allworld generated revenues of $97.2 million and EBITDA of $37.6 million (38.7% margin) during the twelve months ended 30 June 2016 Source text for Eikon: Further company coverage: (London Newsroom)

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