Euromoney Institutional Investor PLC (Euromoney) operating in the sector of the business information signed an obligatory agreement on the sale of Global Markets Intelligence Division (GMID) to the consortium of investors, the company informed.
The buyers involve CITIC Capital Partners Management Limited (CITIC Capital Holdings Limited's division) and Caixin Global Limited.
The value of the deal is equal to $180.5mln.
The payment should be provided in monetary terms Apr. end 2018. By that time the GMID's business is assumed to be transferred step-by-step to the consortium.
GMID (Hong Kong) is a leading supplier of macroeconomic, corporate and industrial data to the developing markets. It has representations in China, India, Brazil, Europe.
The operating profit on Sep. 30, 2017 was equal to $15.1mln; gross assets - 45.3mln pound sterling.
"AK&M", 16:17, 14.02.2018 1251 AKM,COR