Fiera Milano sells its shareholding in Worldex to Singex
22/02/2017
An equity purchase agreement has been signed to divest the 75% stake in Worldex Fiera Milano Exhibitions (Guangzhou) Co., Ltd.
• The transaction price is Euro 2,750,000 plus earn out payments of up to Euro 1,000,000 depending on the results achieved in the three-year period 2017-2019
• The Group concentrates all Chinese activities in the joint venture with the German partner Deutsche Messe
Fiera Milano S.p.A. (“Fiera Milano”) announces that today it has signed an equity purchase agreement to sell 75% of the equity interest of its Chinese subsidiary, Worldex Fiera Milano Exhibitions (Guangzhou) Co., Ltd. (“Worldex”) - an exhibition organiser which organises, among other events, the “Food Hospitality World China” event - together with its associated trademarks, to SingEx Exhibitions Pte. Ltd. (“SingEx”).
