VNU CONFIRMS PURCHASE OF IMARK; SELLS EDUCATIONAL INFO. GROUP.VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User (Haarlem, The Neth.) has reached an agreement to acquire the European operations of Imark Communications (London) for EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 18.5 million. Imark Communications produces b2b technology exhibitions and seminars for such market segments as human resource management and accounting and finance. It also produces exhibitions and conferences for the U.K. technology retail sector. Trade shows include "SoftWorld," "ProjectWorld," "Project Leadership Conferfence," "Comms Dealer Expo." The acquired unit has 40 employees and generated 2000 revenues of EUR 12.6 million. VNU said the acquired property, together with its Online Information unit, creates the "number one European platform for the electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. industry (and gives) VNU a leading position in the U.K. technology exhibition and conference sector." In related news, VNU has signed an agreement to sell its Educational Information Group (EIG EIG Excellence in Government EIG Engineering Installation Group EIG Evènement Indésirable Grave (French) EIG Erie Insurance Group EIG Ecole Internationale de Genève (French) ) to 3i (London), Europe's largest venture capital firm. No terms were given. The sale includes all activities of EIG's two operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , L.C.G. Malmberg (The Neth.) and Uitgeverij Van In n.v. (Belgium). The two units had combined 2000 revenues of EUR 76 million and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of EUR 17 million. VNU and 3i have agreed that terms of employment will remain unchanged and that there will be no forced dismissals. VNU said the sale is in line with its strategy of focusing on three main activities: marketing and media information, business information and directories. |
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