October 3, 2018 / 6:25 AM / 2 months ago

Euromoney to sell Mining Indaba to ITE Group

Oct 3 (Reuters) - British business-to-business information company Euromoney said on Wednesday it would sell Mining Indaba, the world’s largest mining investment conference, to trade exhibition organiser ITE Group for 30.1 million pounds ($39.1 million).

Euromoney said the business did not align with its strategy.

“We will sell it and recycle capital towards our main investment themes,” said Euromoney Chief Executive Andrew Rashbass. ($1 = 0.7690 pounds) (Reporting by Shariq Khan in Bengaluru; Editing by Amrutha Gayathri)

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