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Euromoney to sell Mining Indaba to ITE Group

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By Reuters

(Reuters) – Business-to-business information company Euromoney <ERM.L> said on Wednesday it would sell Mining Indaba, the world’s largest mining investment conference, to trade exhibition organiser ITE Group <ITE.L> for 30.1 million pounds.

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.

(Reporting by Shariq Khan in Bengaluru; Editing by Amrutha Gayathri)