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UN&M SELLS MILLER FREEMAN TO REED ELSEVIER

News, 26 July 2000


United News & Media yesterday concluded the sale of its Miller Freeman Europe publishing and exhibitions business to Anglo-Dutch publishing mammoth Reed Elsevier for £360 million in cash.

The deal propels Reed to the head of the world exhibitions league table, bringing Miller Freeman's pan-European shows into the ambit of its subsidiary Reed Exhibition Companies, already a force in the US, UK and Asia with a portfolio of one hundred UK and international business-to-business shows. MFE’s 1999 revenues reached £118m.

The sale follows that of Miller Freeman USA to Dutch publishing group VNU [WAMN, 17-Jul-00].

News source: Financial Times