GL events, the integrated event industry group, has announced the acquisition of a controlling stake in China state-owned CIEC (China International Exhibition Center Group) Union. The acquisition sets the stage for significant inroads by GL events into China’s promising exhibition market. The deal is subject to MOFCOM1 approval and is for 55% of CIEC Union. CIEC is a subsidiary of CCPIT2, which will retain 39% of the company’s shares while managers will continue to hold ...