Edition:
India

Informa Announces Portfolio Agreement With IHS Markit


Wednesday, 22 May 2019 

May 22 (Reuters) - Informa PLC ::PORTFOLIO AGREEMENT WITH IHS MARKIT.CONTINUED PORTFOLIO MANAGEMENT THROUGH EXCHANGE OF AGRIBUSINESS PORTFOLIO FOR FURTHER SCALE AND CAPABILITY IN INFORMA TECH.ENLARGED INFORMA TECH WILL HAVE ANNUAL REVENUES OF AROUND $350M.AGRIBUSINESS INTELLIGENCE PORTFOLIO TO BE EXCHANGED FOR IHS MARKIT'S LEADING PORTFOLIO OF TMT BRANDS, FURTHER ENHANCING INFORMA TECH.INFORMA CONTRIBUTING AN ADDITIONAL $30M IN CASH TO IHS MARKIT.PORTFOLIO AGREEMENT IS STRUCTURED AS TWO SEPARATE TRANSACTIONS THAT VALUE TWO BUSINESSES AT EQUIVALENT EBITDA MULTIPLES.ENLARGED INFORMA TECH WILL HAVE ANNUAL REVENUES OF AROUND $350M AND OFFER A WIDE RANGE OF B2B SERVICES.EXPANSION OF INFORMA TECH INCLUDES PORTFOLIO OF B2B BRANDS . 

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