Fiera Milano acquires 75% stake in WorldEx (China)

Fiera Milano SpA, following the preliminary announcement of the transaction on 3 December 2012, has today finalised completion of procedures to acquire 75% of the share capital of the Chinese exhibition company Worldex (China) Exhibition & Promotion Ltd., into which have been conferred the assets of the company Guangzhou Shi Zhan Exhibition Service Co. Ltd. and its subsidiary Hainan Shi Zhan Exhibition Co. Ltd. Worldex (China), which is present mainly in the Chinese provinces of Guangdong and Hainan, has a portfolio of seven exhibitions, of which four in the agrifood, professional hospitality and energy saving technology sectors that are leaders in the Chinese market, one in India in the machinery sector, one in Thailand in the furniture and consumer electronics sectors. In 2014 the Company will launch an exhibition in Brazil in the furniture and construction materials sectors.
Worldex (China) also supplies specialist services linked to exhibitions, including stand-fitting

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For the original announcement click WorldEx