News blog


  • BY: Andrew Hore |
  • POSTED: 01/01/2009 |

Exhibitions organiser Expomedia has sold its stake in its German joint venture.

Joint venture partner Gruner & Jahr is paying an initial €415,000, with €85,000 more due in 12 months.

The joint venture lost €976,000 on revenues of €2,690,000 in 2007.

Expomedia has already raised €1.7m from the sale of its venue in Cologne. The purchaser is Christoph Renevier, who owns 20% of Expomedia Deutschland. Renevier has borrowed €390,000 from Expomedia non-executive director Roger Shashoua

The money raised from the disposals will help to pay back some of the cash lent to Expomedia by Roger Shashoua.

At 1.125p a share, Expomedia is valued at £570,000. Despite the disposals Expomedia still has significant borrowings. 

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds