Expomedia in share sell-off to fund growth

Expomedia Group has sold 1.7m shares to a conference organiser to help fund the development of Expo XXI-branded venues in Frankfurt, Dusseldorf, Belgrade and Zagreb.

Informa Group paid £2m for the 4% stake. The deal also involves the two companies launching a programme of exhibitions and conferences in Holland, Hungary, Germany and the former Yugoslavia.

Expomedia chief executive Mark Shashoua said: "This strategic stake allows us to look closely at how we can develop our offer across multiple markets."

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