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UBM plc Property Week And UBM Channel Businesses


Friday, 27 Sep 2013 02:00am EDT 

UBM plc announced that it has agreed to sell its Property Week print magazine and related products to Metropolis International. Subject to satisfaction of TUPE conditions, Property Week's 35 staff will transfer to Metropolis International following completion. The Company also announced the sale of its North American IT channel business to a management-led investment group. The new company, called The Channel Company, will own and operate all of the businesses and products formerly owned by UBM Tech (Channel) in North America. The Comdex brand and UBM India's CRN business are excluded from this transaction. UBM has retained a 30% minority equity interest in the business. 

Company Quote

636.0
2.5 +0.40%
5:57am EDT