Ecobuild show sold for “nominal sum”

Events company UBM has sold the Ecobuild show as it continues to get rid of “smaller, lower-margin, lower-growth events.”

UBM confirmed in its latest results that it made a total loss on disposal of Ecobuild of £35.1m.

The show has been sold to its management for “a nominal sum” and most of the £35.1m losses relate to the write-off of goodwill.

UBM bought Ecobuild in 2011 for £51m.

The company also owns Building magazine which has been used extensively to promote the Ecobuild show.

 

from Construction Enquirer http://www.constructionenquirer.com/2017/02/22/ecobuild-show-sold-for-nominal-sum/

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