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Centaur Media to dispose of The Meetings Show

by Paul Colston

Centaur Media plc has said it is seeking a buyer for The Meetings Show, as the company looks to “explore divestment possibilities”.

Centaur has appointed Livingstone Partners and Cavendish Corporate Finance as advisers to assist with a wider divestment programme which it has said will accelerate simplification of its business structure to improve operational execution and focus on leading brands within the marketing division.

The events division being touted for sale includes the Business Travel Show, The Meetings Show, Sub Con and Employee Benefits.

“We will work with our advisers to explore divestment possibilities and ensure that shareholder value is maximised,” said Centaur chief executive Andria Vidler (pictured).

Centaur said it planned to “accelerate the simplification of the group’s structure” to deliver operational benefits and generate cost savings.

David Chapple, group event director for The Meetings Show, said: “Following a strategic review Centaur is exploring simplifying the group’s structure to realise shareholder value. A consultation period will now take place, but this will have no effect on The Meetings Show 2019, for the team, it’s very much business as usual.”

“Centaur remains committed to investing in The Meetings Show and delivering an event the industry wants to be a part of. We are revealing a new brand for 2019, we are growing our hosted buyer programme and evolving our education proposition, putting the needs of our audience first throughout.

“With advance bookings 64% ahead year-on-year the industry is proud to part of and support The Meetings Show. The team and I are looking forward to what will be another unmissable event for the industry.”

Centaur has also put selected magazines, including The Lawyer up for sale.

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