ITE expands Russian presence with US$44m MVK acquisition17th December 2010 | published by EW SHARE
RUSSIA – Emerging and developing markets specialist ITE Group has acquired international exhibition company MVK from its owners, a group of private shareholders.
The total consideration is for €33m (US$44m), payable in cash on completion and funded from existing cash resources and agreed loans. According to an ITE spokesman, MVK’s event portfolio will both “broad...
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