UK events firm Informa offers to buy rival Ascential for $1.6 billion-February 2024-www.financetom.com

UK events firm Informa offers to buy rival Ascential for $1.6 billion

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UK events firm Informa offers to buy rival Ascential for $1.6 billion

Jul 23, 2024 11:22 PM

July 24 (Reuters) - Events organiser Informa ( IFPJF )

said on Wednesday it has offered to buy Cannes Lions Festival

owner Ascential ( AIAPF ) for about 1.2 billion pounds ($1.6

billion), as it looks to add the prominent advertising industry

conference to its portfolio.

($1 = 0.7756 pounds)

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