ITE increases its stake in ABEC in India

ITEITE’s subsidiary Airgate Holdings has acquired a 31.7 per cent share of Mumbai-based ABEC Exhibitions and Conferences, taking its overall share to 60 per cent.

The stake, acquired for around £14m, follows the company’s acquisition of a minority stake of 28.3 per cent in ABEC in December 2012.

ABEC runs over 20 exhibitions across different industry sectors including building and interiors, education, fashion, real estate, and oil and gas.

For the full story read Exhibition World and for the ITE press release click here